QRG Capital Management Inc. Purchases 5,241 Shares of VICI Properties Inc. (NYSE:VICI)

QRG Capital Management Inc. boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 192,159 shares of the company’s stock after acquiring an additional 5,241 shares during the quarter. QRG Capital Management Inc.’s holdings in VICI Properties were worth $5,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Venturi Wealth Management LLC grew its holdings in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties in the 4th quarter worth about $33,000. Whipplewood Advisors LLC bought a new position in VICI Properties in the 4th quarter valued at about $40,000. Continuum Advisory LLC boosted its stake in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC increased its holdings in 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 purchasing an additional 494 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on VICI. Stifel Nicolaus lifted their target price on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Barclays cut their price objective on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Truist Financial dropped their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties Stock Performance

Shares of VICI stock opened at $32.51 on Friday. 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 firm has a market cap of $34.34 billion, a price-to-earnings ratio of 12.70, a P/E/G 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 firm’s 50-day simple moving average is $29.81 and its two-hundred day simple moving average is $31.46.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 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 the consensus estimate of $969.29 million. As a group, equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.32%. VICI Properties’s dividend payout ratio is presently 67.58%.

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.