Commerce Bank Purchases 633 Shares of VICI Properties Inc. (NYSE:VICI)

Commerce Bank boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,865 shares of the company’s stock after acquiring an additional 633 shares during the quarter. Commerce Bank’s holdings in VICI Properties were worth $434,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC grew its holdings in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after buying an additional 431 shares in the last quarter. Kestra Investment Management LLC purchased a new position in VICI Properties during the 4th quarter worth $33,000. Whipplewood Advisors LLC bought a new stake in shares of VICI Properties in the 4th quarter worth $40,000. Cromwell Holdings LLC raised its holdings in shares of VICI Properties by 31.3% in the fourth 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. Finally, Promus Capital LLC bought a new position in shares of VICI Properties during the fourth quarter valued at about $63,000. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on VICI. Wells Fargo & Company upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Truist Financial upped their target price on VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Finally, Stifel Nicolaus raised their target price on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $34.93.

VICI Properties Trading Down 0.7 %

Shares of VICI opened at $32.74 on Thursday. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29. The business has a 50-day moving average of $31.76 and a 200 day moving average of $31.15. The firm has a market cap of $34.60 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. As a group, research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.28%. VICI Properties’s dividend payout ratio is currently 67.58%.

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.