Venturi Wealth Management LLC Increases Position in VICI Properties Inc. (NYSE:VICI)

Venturi Wealth Management LLC raised its position in shares of VICI Properties Inc. (NYSE:VICI) by 64.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,103 shares of the company’s stock after purchasing an additional 431 shares during the quarter. Venturi Wealth Management LLC’s holdings in VICI Properties were worth $32,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. D.A. Davidson & CO. lifted its holdings in shares of VICI Properties by 3.2% in the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after buying an additional 340 shares during the period. Carmel Capital Partners LLC raised its position in VICI Properties by 1.0% during the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock valued at $1,177,000 after acquiring an additional 367 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in VICI Properties by 0.9% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after acquiring an additional 372 shares during the period. Continuum Advisory LLC grew its stake 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 period. Finally, V Square Quantitative Management LLC grew its stake in shares of VICI Properties by 3.3% during the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after purchasing an additional 391 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Up 2.1 %

VICI stock opened at $32.61 on Wednesday. The company has a market cap of $34.45 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 3.88 and a beta of 0.95. The firm has a 50-day moving average of $29.66 and a two-hundred day moving average of $31.45. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

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

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.31%. VICI Properties’s dividend payout ratio (DPR) is currently 67.58%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VICI shares. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Stifel Nicolaus increased their target price on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Mizuho reduced their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Finally, Barclays decreased their target price on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

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.