New Age Alpha Advisors LLC Purchases 368,736 Shares of VICI Properties Inc. (NYSE:VICI)

New Age Alpha Advisors LLC increased its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 76,342.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 369,219 shares of the company's stock after acquiring an additional 368,736 shares during the quarter. New Age Alpha Advisors LLC's holdings in VICI Properties were worth $10,785,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. Venturi Wealth Management LLC boosted its stake in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC bought a new position in VICI Properties in the 4th quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new stake in VICI Properties during the 4th quarter valued at approximately $40,000. Continuum Advisory LLC grew its holdings in 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, Brown Brothers Harriman & Co. lifted its holdings in shares of VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock worth $65,000 after buying an additional 1,630 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VICI. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Mizuho cut their price objective on VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company boosted 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. Barclays raised their price target on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Finally, JMP Securities reiterated a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, VICI Properties currently has an average rating of "Moderate Buy" and a consensus price target of $34.23.

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VICI Properties Trading Up 0.3 %

VICI traded up $0.11 during trading on Friday, reaching $31.99. The company had a trading volume of 4,731,126 shares, compared to its average volume of 5,825,965. 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 52 week low of $27.08 and a 52 week high of $34.29. The stock has a market cap of $33.80 billion, a P/E ratio of 12.49, a PEG ratio of 3.88 and a beta of 0.94. The business has a 50 day simple moving average of $31.13 and a 200-day simple moving average of $31.36.

VICI Properties (NYSE:VICI - Get Free Report) last posted 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). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $976.05 million during the quarter, compared to analysts' expectations of $969.29 million. On average, equities analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.41%. The ex-dividend date is Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 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.