Pinion Investment Advisors LLC Increases Position in VICI Properties Inc. (NYSE:VICI)

Pinion Investment Advisors LLC raised its position in VICI Properties Inc. (NYSE:VICI) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,072 shares of the company’s stock after acquiring an additional 749 shares during the period. Pinion Investment Advisors LLC’s holdings in VICI Properties were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after purchasing an additional 1,164,717 shares during the period. Geode Capital Management LLC boosted its stake in VICI Properties by 2.2% during the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after buying an additional 608,696 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of VICI Properties by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock worth $706,962,000 after buying an additional 130,659 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in VICI Properties by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company’s stock valued at $356,635,000 after buying an additional 385,649 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after buying an additional 7,658,819 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Up 0.6 %

Shares of VICI opened at $32.67 on Tuesday. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The business’s 50-day moving average price is $29.89 and its 200 day moving average price is $31.47. The stock has a market capitalization of $34.51 billion, a P/E ratio of 12.76, a P/E/G ratio of 3.88 and a beta of 0.95. 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 (NYSE:VICI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business had revenue of $976.05 million for 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%. Analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Analyst Upgrades and Downgrades

Several research firms recently commented on VICI. Truist Financial lowered 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. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Barclays dropped their target price on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties 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.