VICI Properties Inc. (NYSE:VICI) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,300,707 shares of the company’s stock after buying an additional 4,767 shares during the period. Wells Fargo & Company MN owned 0.12% of VICI Properties worth $37,994,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in VICI. D.A. Davidson & CO. lifted its holdings in VICI Properties by 3.2% during the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after purchasing an additional 340 shares in the last quarter. Carret Asset Management LLC lifted its holdings in VICI Properties by 0.5% during the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock valued at $2,034,000 after purchasing an additional 354 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its position in shares of 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 buying an additional 372 shares during the last quarter. Continuum Advisory LLC raised its position in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock valued at $357,000 after buying an additional 391 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Trading Down 2.3 %

Shares of VICI Properties stock opened at $30.09 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company’s 50-day simple moving average is $31.37 and its 200-day simple moving average is $31.18. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The firm has a market cap of $31.79 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI) last issued its earnings results 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). 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 for the quarter, compared to analyst estimates of $969.29 million. As a group, equities research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.75%. VICI Properties’s dividend payout ratio is presently 67.58%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VICI shares. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus raised their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Finally, JMP Securities restated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.63.

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.