SMH Capital Advisors Inc. raised its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 54.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,069 shares of the company's stock after purchasing an additional 14,794 shares during the quarter. VICI Properties accounts for approximately 3.0% of SMH Capital Advisors Inc.'s portfolio, making the stock its 7th largest position. SMH Capital Advisors Inc.'s holdings in VICI Properties were worth $1,229,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of VICI. Centersquare Investment Management LLC lifted its holdings in shares of VICI Properties by 11.0% in the fourth quarter. Centersquare Investment Management LLC now owns 8,119,987 shares of the company's stock valued at $237,185,000 after purchasing an additional 804,291 shares in the last quarter. Provident Investment Management Inc. raised its position in VICI Properties by 103.7% in the 4th quarter. Provident Investment Management Inc. now owns 23,435 shares of the company's stock valued at $685,000 after buying an additional 11,930 shares during the last quarter. Arete Wealth Advisors LLC bought a new position in VICI Properties during the 4th quarter valued at $238,000. Cinctive Capital Management LP bought a new stake in VICI Properties in the 4th quarter worth about $2,256,000. Finally, Huntington National Bank boosted its stake in shares of VICI Properties by 17.5% in the 4th quarter. Huntington National Bank now owns 5,042 shares of the company's stock worth $147,000 after buying an additional 751 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on VICI shares. JMP Securities restated a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Mizuho increased their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday. Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a report on Thursday, March 27th. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Wells Fargo & Company raised their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, VICI Properties has a consensus rating of "Moderate Buy" and an average target price of $34.63.
Get Our Latest Analysis on VICI Properties
VICI Properties Price Performance
NYSE VICI traded down $0.70 during trading hours on Monday, hitting $29.89. The company had a trading volume of 5,115,332 shares, compared to its average volume of 5,899,071. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market capitalization of $31.58 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The firm has a 50 day simple moving average of $31.36 and a 200 day simple moving average of $31.28.
VICI Properties (NYSE:VICI - Get Free Report) last issued 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 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%. Equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.79%. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.
VICI Properties Company Profile
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Free Report)
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.
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