MMA Asset Management LLC Purchases Shares of 9,244 VICI Properties Inc. (NYSE:VICI)

MMA Asset Management LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,244 shares of the company’s stock, valued at approximately $270,000.

Other large investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its stake in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in VICI Properties during the 4th quarter valued at about $33,000. Whipplewood Advisors LLC purchased a new stake in VICI Properties during the 4th quarter valued at about $40,000. Continuum Advisory LLC grew its stake in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC grew its stake in VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock valued at $61,000 after purchasing an additional 494 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VICI shares. Stifel Nicolaus boosted their price objective on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday, February 21st. Mizuho decreased their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Truist Financial decreased their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $34.20.

VICI Properties Stock Performance

NYSE VICI opened at $32.51 on Friday. The stock has a market capitalization of $34.34 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 3.88 and a beta of 0.95. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average of $29.89 and a 200 day moving average of $31.47.

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

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.32%. VICI Properties’s payout ratio is currently 67.58%.

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.