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

Kestra Investment Management LLC bought a new position in VICI Properties Inc. (NYSE:VICI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,142 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Venturi Wealth Management LLC increased its stake in VICI Properties by 64.1% in the 4th 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 period. Continuum Advisory LLC raised its holdings in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after purchasing an additional 1,630 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in VICI Properties in the third quarter valued at about $67,000. Finally, Quent Capital LLC grew its stake in VICI Properties by 27.1% in the fourth quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock valued at $64,000 after purchasing an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI opened at $31.25 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The company’s fifty day moving average price is $29.59 and its 200 day moving average price is $31.43. The company has a market capitalization of $32.95 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. As a group, analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on VICI. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Barclays reduced their target price on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Stifel Nicolaus increased their price target on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research note on Friday. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Finally, Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.20.

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.