Sage Investment Counsel LLC Takes Position in VICI Properties Inc. (NYSE:VICI)

Sage Investment Counsel LLC purchased a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,823 shares of the company's stock, valued at approximately $287,000.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays decreased their price target on shares of VICI Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Mizuho lowered their target price on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Stifel Nicolaus increased their price target on VICI Properties from $33.75 to $34.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.20.

VICI Properties Stock Performance

Shares of NYSE:VICI traded up $0.18 during trading on Monday, hitting $32.67. The stock had a trading volume of 6,388,556 shares, compared to its average volume of 6,574,357. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The stock has a market capitalization of $34.51 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. The stock has a 50-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 announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties's dividend payout ratio (DPR) is 67.58%.

About VICI Properties

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.