Frank Rimerman Advisors LLC Grows Position in VICI Properties Inc. (NYSE:VICI)

Frank Rimerman Advisors LLC grew its stake in VICI Properties Inc. (NYSE:VICI) by 77.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,846 shares of the company’s stock after buying an additional 17,791 shares during the period. Frank Rimerman Advisors LLC’s holdings in VICI Properties were worth $1,193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VICI. Venturi Wealth Management LLC lifted its position in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC purchased a new position in shares of VICI Properties in the fourth quarter worth about $33,000. Whipplewood Advisors LLC purchased a new stake in VICI Properties in the fourth quarter valued at approximately $40,000. Continuum Advisory LLC increased its holdings in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position in VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after buying an additional 1,630 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays upped their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Mizuho decreased their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Three equities 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.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties Price Performance

VICI Properties stock opened at $32.24 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The company’s fifty day moving average price is $30.51 and its 200 day moving average price is $31.47. The stock has a market capitalization of $34.06 billion, a P/E ratio of 12.59, a P/E/G ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties (NYSE:VICI) last released its earnings results 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). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. As a group, equities research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.4325 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.37%. VICI Properties’s payout ratio is presently 67.58%.

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.