VICI Properties Inc. (NYSE:VICI) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 16.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,358 shares of the company’s stock after purchasing an additional 10,158 shares during the quarter. Larson Financial Group LLC’s holdings in VICI Properties were worth $2,114,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in VICI. Farther Finance Advisors LLC lifted its position in shares of VICI Properties by 50.7% during the third quarter. Farther Finance Advisors LLC now owns 9,708 shares of the company’s stock worth $323,000 after purchasing an additional 3,268 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of VICI Properties during the third quarter worth about $67,000. M&G PLC acquired a new stake in shares of VICI Properties during the third quarter worth about $383,000. Graypoint LLC acquired a new stake in shares of VICI Properties during the third quarter worth about $208,000. Finally, Assetmark Inc. lifted its position in shares of VICI Properties by 2.1% during the third quarter. Assetmark Inc. now owns 1,989,259 shares of the company’s stock worth $66,262,000 after purchasing an additional 40,602 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $32.65 on Friday. The firm has a market capitalization of $34.49 billion, a P/E ratio of 12.76, a P/E/G ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week 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 firm’s 50 day moving average is $30.22 and its two-hundred day moving average is $31.49.

VICI Properties (NYSE:VICI) last announced its quarterly 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). The company had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a dividend of $0.4325 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.30%. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Analysts Set New Price Targets

Several analysts have recently issued reports on VICI shares. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Mizuho cut their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Truist Financial cut their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Finally, Barclays upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and a consensus price target of $34.30.

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.