130,683 Shares in VICI Properties Inc. (NYSE:VICI) Bought by Oxbow Advisors LLC

Oxbow Advisors LLC acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) in the fourth quarter, HoldingsChannel reports. The fund acquired 130,683 shares of the company’s stock, valued at approximately $3,817,000.

A number of other institutional investors have also made changes to their positions in VICI. Venturi Wealth Management LLC grew its stake in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the period. Kestra Investment Management LLC acquired a new position in VICI Properties in the fourth quarter valued at about $33,000. Continuum Advisory LLC grew its stake in 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 acquiring an additional 374 shares during the period. Cromwell Holdings LLC grew its stake in VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock valued at $61,000 after acquiring an additional 494 shares during the period. Finally, Quent Capital LLC grew its stake in VICI Properties by 27.1% in the fourth quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock valued at $64,000 after acquiring an additional 468 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

NYSE:VICI opened at $31.25 on Friday. 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 stock’s 50 day moving average price is $29.59 and its two-hundred day moving average price is $31.43. The firm has a market capitalization of $32.95 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 3.88 and a beta of 0.95. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29.

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

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.54%. VICI Properties’s dividend payout ratio is 67.58%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Truist Financial decreased their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Stifel Nicolaus boosted their target price on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research note on Friday. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Finally, Barclays reduced their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

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.