VICI Properties Inc. (NYSE:VICI) Stock Holdings Increased by Vestcor Inc

Vestcor Inc lifted its stake in VICI Properties Inc. (NYSE:VICI) by 24.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,062 shares of the company’s stock after purchasing an additional 11,447 shares during the quarter. Vestcor Inc’s holdings in VICI Properties were worth $1,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC raised its position in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after acquiring an additional 431 shares in the last quarter. Kestra Investment Management LLC bought a new position in VICI Properties during the fourth quarter valued at approximately $33,000. Whipplewood Advisors LLC bought a new position in VICI Properties during the fourth quarter valued at approximately $40,000. Continuum Advisory LLC raised its position in VICI Properties by 30.5% during 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 in the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after acquiring an additional 1,630 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Trading Up 2.2 %

Shares of VICI Properties stock opened at $32.24 on Friday. The company’s fifty day simple moving average is $30.46 and its 200-day simple moving average is $31.48. The company has a market cap of $34.06 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 3.88 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties (NYSE:VICI) last announced 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 company had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid 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 yield of 5.37%. VICI Properties’s dividend payout ratio is currently 67.58%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VICI. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Truist Financial lowered their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays increased 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. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Mizuho lowered their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and an average price target of $34.20.

VICI Properties Company 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.