MMA Asset Management LLC Takes $270,000 Position in VICI Properties Inc. (NYSE:VICI)

MMA Asset Management LLC bought a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,244 shares of the company's stock, valued at approximately $270,000.

A number of other large investors also recently added to or reduced their stakes in VICI. Venturi Wealth Management LLC increased its position in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of VICI Properties in the 4th quarter worth about $33,000. Whipplewood Advisors LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at about $40,000. Continuum Advisory LLC lifted its holdings in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after acquiring an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC grew its position in VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after acquiring an additional 494 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Up 0.7 %

VICI stock traded up $0.24 during trading on Monday, hitting $32.73. 2,955,109 shares of the company's stock traded hands, compared to its average volume of 6,484,788. The firm has a market capitalization of $34.57 billion, a P/E ratio of 12.79, a PEG ratio of 3.88 and a beta of 0.95. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $29.89 and a two-hundred day simple moving average of $31.47.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. Sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties's dividend payout ratio is presently 67.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VICI shares. Barclays dropped their target price on VICI Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Stifel Nicolaus lifted their price target on shares of VICI Properties from $33.75 to $34.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Truist Financial reduced their price objective on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Mizuho dropped their target price on VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Finally, Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $34.20.

VICI Properties Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.