Proficio Capital Partners LLC Buys New Holdings in VICI Properties Inc. (NYSE:VICI)

Proficio Capital Partners LLC acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 47,545 shares of the company's stock, valued at approximately $1,389,000.

Several other large investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC raised its stake in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC bought a new stake in shares of VICI Properties in the fourth quarter valued at approximately $33,000. Whipplewood Advisors LLC bought a new stake in shares of VICI Properties in the fourth quarter valued at approximately $40,000. Continuum Advisory LLC lifted its stake in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after buying an additional 374 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its holdings in VICI Properties by 31.3% in the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after buying an additional 494 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VICI. Truist Financial cut their price target on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Barclays upped their price target on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Stifel Nicolaus raised their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Finally, KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $34.20.

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VICI Properties Price Performance

NYSE VICI traded up $0.45 during trading hours on Monday, reaching $31.98. 5,505,758 shares of the stock traded hands, compared to its average volume of 5,545,584. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a 50 day simple moving average of $30.84 and a two-hundred day simple moving average of $31.41. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a market cap of $33.79 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). The firm had revenue of $976.05 million for the quarter, compared to analysts' expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.41%. The ex-dividend date is Thursday, March 20th. VICI Properties's dividend payout ratio is currently 67.58%.

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.