VICI Properties Inc. (NYSE:VICI) Shares Bought by South Street Advisors LLC

South Street Advisors LLC increased its holdings in VICI Properties Inc. (NYSE:VICI) by 5.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 85,274 shares of the company’s stock after buying an additional 4,600 shares during the period. South Street Advisors LLC’s holdings in VICI Properties were worth $2,491,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. William Blair Investment Management LLC boosted its position in VICI Properties by 10.9% in the 4th quarter. William Blair Investment Management LLC now owns 7,224 shares of the company’s stock worth $211,000 after purchasing an additional 712 shares in the last quarter. Signaturefd LLC boosted its position in VICI Properties by 8.2% in the 4th quarter. Signaturefd LLC now owns 17,973 shares of the company’s stock worth $525,000 after purchasing an additional 1,362 shares in the last quarter. Cibc World Markets Corp boosted its position in VICI Properties by 12.9% in the 4th quarter. Cibc World Markets Corp now owns 472,752 shares of the company’s stock worth $13,809,000 after purchasing an additional 54,125 shares in the last quarter. American Assets Capital Advisers LLC boosted its position in VICI Properties by 13.3% in the 4th quarter. American Assets Capital Advisers LLC now owns 33,979 shares of the company’s stock worth $993,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in VICI Properties by 28.3% in the 4th quarter. Corient Private Wealth LLC now owns 204,410 shares of the company’s stock worth $5,964,000 after purchasing an additional 45,080 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Up 0.7 %

NYSE VICI opened at $32.47 on Tuesday. The business has a fifty day moving average price of $30.57 and a 200 day moving average price of $31.45. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. 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 has a market cap of $34.30 billion, a P/E ratio of 12.68, a P/E/G ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS 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 analyst estimates of $969.29 million. Research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 67.58%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Truist Financial lowered their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report 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 report on Monday, January 27th. Mizuho lowered their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Finally, Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

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.