Callan Family Office LLC Buys New Stake in VICI Properties Inc. (NYSE:VICI)

Callan Family Office LLC bought a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 7,289 shares of the company’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after buying an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of VICI Properties by 2.2% in the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after buying an additional 608,696 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of VICI Properties by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock worth $706,962,000 after buying an additional 130,659 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of VICI Properties by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company’s stock worth $356,635,000 after buying an additional 385,649 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of VICI Properties by 599.3% in the third 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 buying an additional 7,658,819 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Stifel Nicolaus raised their target price on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Mizuho reduced their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday. 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 given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties Stock Down 0.9 %

VICI stock opened at $32.34 on Wednesday. The firm has a market cap of $34.17 billion, a PE ratio of 12.63, a P/E/G ratio of 3.88 and a beta of 0.94. 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’s fifty day moving average is $30.29 and its 200 day moving average is $31.48. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.

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

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.4325 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.35%. 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.