Envestnet Asset Management Inc. Raises Stake in VICI Properties Inc. (NYSE:VICI)

Envestnet Asset Management Inc. raised its stake in VICI Properties Inc. (NYSE:VICI) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 8,166,581 shares of the company’s stock after purchasing an additional 214,565 shares during the period. Envestnet Asset Management Inc.’s holdings in VICI Properties were worth $238,546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC lifted its holdings in VICI Properties by 64.1% in 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 in the last quarter. Kestra Investment Management LLC acquired a new stake in VICI Properties in the 4th quarter valued at about $33,000. Whipplewood Advisors LLC acquired a new stake in VICI Properties in the fourth quarter valued at approximately $40,000. Continuum Advisory LLC lifted its position in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its position in shares of VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after acquiring an additional 494 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Down 3.4 %

NYSE VICI opened at $30.57 on Monday. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The stock has a market cap of $32.30 billion, a PE ratio of 11.94, a P/E/G ratio of 3.88 and a beta of 0.70. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $31.36 and a two-hundred day moving average price of $31.28.

VICI Properties (NYSE:VICI) last issued 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 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 the consensus estimate of $969.29 million. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.66%. VICI Properties’s dividend payout ratio is presently 67.58%.

Analysts Set New Price Targets

VICI has been the topic of a number of research reports. Truist Financial dropped their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Mizuho increased their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Company raised their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Finally, KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.63.

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.