Allworth Financial LP bought a new position in shares of VICI Properties Inc. (NYSE:VICI – Get Rating) during the 1st quarter, HoldingsChannel.com reports. The fund bought 1,177 shares of the company’s stock, valued at approximately $34,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. 180 Wealth Advisors LLC boosted its stake in VICI Properties by 4.5% during the first quarter. 180 Wealth Advisors LLC now owns 7,969 shares of the company’s stock worth $238,000 after acquiring an additional 342 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of VICI Properties by 5.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,054 shares of the company’s stock valued at $243,000 after buying an additional 409 shares in the last quarter. Johnson Financial Group Inc. lifted its stake in shares of VICI Properties by 3.7% in the fourth quarter. Johnson Financial Group Inc. now owns 12,360 shares of the company’s stock valued at $372,000 after buying an additional 438 shares in the last quarter. Ellevest Inc. lifted its stake in shares of VICI Properties by 51.1% in the first quarter. Ellevest Inc. now owns 1,313 shares of the company’s stock valued at $37,000 after buying an additional 444 shares in the last quarter. Finally, Keybank National Association OH lifted its stake in shares of VICI Properties by 5.1% in the fourth quarter. Keybank National Association OH now owns 9,424 shares of the company’s stock valued at $284,000 after buying an additional 458 shares in the last quarter.
Shares of VICI stock opened at $31.52 on Wednesday. The firm has a 50-day moving average of $29.84 and a 200-day moving average of $28.90. The company has a market cap of $30.35 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.33 and a beta of 0.93. VICI Properties Inc. has a one year low of $26.23 and a one year high of $33.95.
VICI Properties (NYSE:VICI – Get Rating) last announced its earnings results on Wednesday, May 4th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.09). The firm had revenue of $416.20 million during the quarter, compared to analysts’ expectations of $410.84 million. VICI Properties had a net margin of 63.44% and a return on equity of 10.42%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. On average, equities research analysts predict that VICI Properties Inc. will post 1.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Thursday, June 23rd were issued a $0.36 dividend. The ex-dividend date was Wednesday, June 22nd. This represents a $1.44 annualized dividend and a dividend yield of 4.57%. VICI Properties’s dividend payout ratio is currently 89.44%.
A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of VICI Properties in a research note on Tuesday, May 3rd. They issued an “overweight” rating on the stock. The Goldman Sachs Group raised their price objective on shares of VICI Properties from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, May 19th. Finally, Raymond James raised their price objective on shares of VICI Properties from $36.00 to $38.00 and gave the company a “strong-buy” rating in a research note on Friday, July 8th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, VICI Properties presently has a consensus rating of “Buy” and an average target price of $35.20.
About VICI Properties (Get Rating)
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties’ national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.
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