Corient Private Wealth LLC Raises Holdings in VICI Properties Inc. (NYSE:VICI)

Corient Private Wealth LLC increased its holdings in VICI Properties Inc. (NYSE:VICI) by 28.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 204,410 shares of the company’s stock after acquiring an additional 45,080 shares during the period. Corient Private Wealth LLC’s holdings in VICI Properties were worth $5,964,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its position in shares of VICI Properties by 10.1% during the third quarter. Natixis Advisors LLC now owns 271,903 shares of the company’s stock worth $9,057,000 after buying an additional 24,998 shares during the period. Pathstone Holdings LLC boosted its position in shares of VICI Properties by 7.9% during the third quarter. Pathstone Holdings LLC now owns 57,210 shares of the company’s stock worth $1,906,000 after buying an additional 4,177 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of VICI Properties during the third quarter worth $761,000. PNC Financial Services Group Inc. boosted its position in shares of VICI Properties by 10.2% during the third quarter. PNC Financial Services Group Inc. now owns 94,328 shares of the company’s stock worth $3,142,000 after buying an additional 8,748 shares during the period. Finally, Commerce Bank boosted its position in shares of VICI Properties by 12.7% during the third quarter. Commerce Bank now owns 14,232 shares of the company’s stock worth $474,000 after buying an additional 1,608 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Down 1.6 %

VICI Properties stock opened at $31.51 on Friday. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. 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 stock has a market cap of $33.28 billion, a PE ratio of 12.31, a P/E/G ratio of 3.88 and a beta of 0.94. The stock’s fifty day moving average is $30.84 and its two-hundred day moving average is $31.44.

VICI Properties (NYSE:VICI) last posted 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 business had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. On average, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently declared 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. This represents a $1.73 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio is presently 67.58%.

Analyst Ratings Changes

Several research firms have recently commented on VICI. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Truist Financial lowered their price target 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 raised their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Mizuho decreased 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. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.20.

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.