VICI Properties Inc. (NYSE:VICI) Stake Lifted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,911 shares of the company’s stock after purchasing an additional 408 shares during the period. Avantax Advisory Services Inc.’s holdings in VICI Properties were worth $2,042,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. raised its stake in shares of VICI Properties by 145.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock worth $1,189,000 after buying an additional 24,159 shares in the last quarter. Oxbow Advisors LLC acquired a new position in VICI Properties during the fourth quarter worth about $3,817,000. CHURCHILL MANAGEMENT Corp raised its position in VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after acquiring an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after acquiring an additional 40,733 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd boosted its position in shares of VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock valued at $13,282,000 after purchasing an additional 130,000 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Price Performance

Shares of VICI opened at $32.47 on Tuesday. The business’s 50-day moving average is $30.57 and its 200-day moving average is $31.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market capitalization of $34.30 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week 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 (EPS) 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 company had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. Equities research analysts expect 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 will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.33%. VICI Properties’s dividend payout ratio (DPR) is currently 67.58%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial cut their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. Mizuho reduced their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Finally, JMP Securities reissued a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, VICI Properties presently has a consensus 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.