Venturi Wealth Management LLC Boosts Stake in VICI Properties Inc. (NYSE:VICI)

Venturi Wealth Management LLC grew its position in VICI Properties Inc. (NYSE:VICI) by 64.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,103 shares of the company’s stock after acquiring an additional 431 shares during the quarter. Venturi Wealth Management LLC’s holdings in VICI Properties were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of VICI. Continuum Advisory LLC increased its position in VICI Properties by 30.5% in the third 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 last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of VICI Properties by 512.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after buying an additional 1,630 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of VICI Properties during the 3rd quarter valued at about $67,000. Quent Capital LLC raised its position in shares of VICI Properties by 27.1% during the 4th quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock valued at $64,000 after buying an additional 468 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of VICI Properties in the 3rd quarter valued at about $103,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VICI shares. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Mizuho lowered their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Truist Financial dropped their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Barclays decreased their price objective 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. Finally, Stifel Nicolaus boosted their price objective on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday, February 21st. Three 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 company has an average rating of “Moderate Buy” and an average price target of $34.20.

VICI Properties Stock Up 2.1 %

Shares of NYSE:VICI opened at $32.61 on Wednesday. The business’s 50 day moving average is $29.66 and its 200 day moving average is $31.45. The stock has a market cap of $34.45 billion, a P/E ratio of 12.74, a price-to-earnings-growth 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 company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders 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 5.31%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 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.