Lasalle Investment Management Securities LLC Increases Position in VICI Properties Inc. (NYSE:VICI)

Lasalle Investment Management Securities LLC boosted its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,047,469 shares of the company's stock after purchasing an additional 98,452 shares during the quarter. VICI Properties comprises approximately 3.8% of Lasalle Investment Management Securities LLC's investment portfolio, making the stock its 9th largest holding. Lasalle Investment Management Securities LLC owned about 0.29% of VICI Properties worth $89,017,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its holdings in VICI Properties by 64.1% in the 4th 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 purchased a new stake in VICI Properties during the 4th quarter worth approximately $33,000. Whipplewood Advisors LLC acquired a new position in VICI Properties in the fourth quarter valued at approximately $40,000. Cromwell Holdings LLC increased its holdings in VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after purchasing an additional 494 shares during the period. Finally, Promus Capital LLC purchased a new position in shares of VICI Properties during the fourth quarter worth approximately $63,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VICI shares. Stifel Nicolaus increased their target price on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research note on Thursday, March 27th. Barclays boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Wedbush lowered VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. JMP Securities reiterated a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Finally, Mizuho lifted their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Three equities 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, the company has an average rating of "Moderate Buy" and a consensus price target of $34.93.

VICI Properties Stock Down 0.7 %

NYSE:VICI traded down $0.23 on Wednesday, reaching $32.74. The stock had a trading volume of 6,592,532 shares, compared to its average volume of 6,034,523. The stock has a market cap of $34.60 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The company has a 50-day moving average of $31.71 and a 200 day moving average of $31.14. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29.

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

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.28%. 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.