Larson Financial Group LLC Raises Stake in VICI Properties Inc. (NYSE:VICI)

Larson Financial Group LLC raised its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 16.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,358 shares of the company's stock after buying an additional 10,158 shares during the period. Larson Financial Group LLC's holdings in VICI Properties were worth $2,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its position 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 in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of VICI Properties in the fourth quarter worth approximately $33,000. Whipplewood Advisors LLC bought a new position in shares of VICI Properties in the fourth quarter valued at approximately $40,000. Continuum Advisory LLC lifted its holdings in shares of VICI Properties by 30.5% in 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, Brown Brothers Harriman & Co. boosted its position in shares of VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock valued at $65,000 after buying an additional 1,630 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

VICI traded down $0.04 during trading hours on Monday, hitting $32.61. The stock had a trading volume of 8,667,241 shares, compared to its average volume of 5,477,484. The stock has a market cap of $34.45 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. 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 company's fifty day simple moving average is $30.22 and its 200 day simple moving average is $31.48.

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VICI Properties (NYSE:VICI - Get Free Report) last issued its 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. Equities analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a dividend of $0.4325 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.30%. VICI Properties's payout ratio is 67.58%.

Wall Street Analyst Weigh In

A number of research firms recently commented on VICI. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wedbush lowered shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Wells Fargo & Company boosted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday. Mizuho decreased their price objective 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. Finally, Truist Financial cut their target price on VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.