Kestra Investment Management LLC Purchases Shares of 1,142 VICI Properties Inc. (NYSE:VICI)

Kestra Investment Management LLC acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,142 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VICI. State Street Corp boosted its stake in VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after buying an additional 1,164,717 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of VICI Properties by 2.2% during the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock valued at $945,712,000 after acquiring an additional 608,696 shares during the period. Principal Financial Group Inc. boosted its stake in shares of VICI Properties by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock valued at $706,962,000 after purchasing an additional 130,659 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after purchasing an additional 770,195 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of VICI Properties by 599.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after purchasing an additional 7,658,819 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on VICI. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Truist Financial reduced their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays dropped their price target on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Finally, KeyCorp restated 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 stock. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.20.

VICI Properties Stock Up 1.6 %

NYSE VICI opened at $31.25 on Friday. The stock has a market capitalization of $32.95 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week 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 stock has a fifty day moving average of $29.59 and a 200-day moving average of $31.43.

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

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

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.