Provident Investment Management Inc. Raises Holdings in VICI Properties Inc. (NYSE:VICI)

Provident Investment Management Inc. raised its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 103.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,435 shares of the company's stock after purchasing an additional 11,930 shares during the period. Provident Investment Management Inc.'s holdings in VICI Properties were worth $685,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. raised its holdings in shares of VICI Properties by 145.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock valued at $1,189,000 after buying an additional 24,159 shares in the last quarter. Oxbow Advisors LLC purchased a new stake in shares of VICI Properties in the 4th quarter valued at $3,817,000. CHURCHILL MANAGEMENT Corp lifted its stake in VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock worth $9,103,000 after purchasing an additional 8,834 shares during the last quarter. Border to Coast Pensions Partnership Ltd grew its stake in shares of VICI Properties by 40.0% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company's stock valued at $13,282,000 after buying an additional 130,000 shares during the last quarter. Finally, Brookstone Capital Management purchased a new position in shares of VICI Properties in the fourth quarter worth about $359,000. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Down 2.3 %

NYSE VICI traded down $0.70 during trading hours on Monday, reaching $29.89. 5,115,332 shares of the company's stock traded hands, compared to its average volume of 5,899,071. The firm has a market cap of $31.58 billion, a PE ratio of 11.64, a PEG ratio of 3.88 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. 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.

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VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.57 EPS 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 company had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. Sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is 67.58%.

Wall Street Analysts Forecast Growth

VICI has been the topic of several recent research reports. Wells Fargo & Company raised their price target on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. JMP Securities restated a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Barclays increased their target price 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. Stifel Nicolaus boosted their price target on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a report on Thursday, March 27th. Finally, Mizuho increased their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday. Three 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.63.

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.