D.A. Davidson & CO. Acquires 340 Shares of VICI Properties Inc. (NYSE:VICI)

D.A. Davidson & CO. grew its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,994 shares of the company’s stock after acquiring an additional 340 shares during the period. D.A. Davidson & CO.’s holdings in VICI Properties were worth $321,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VICI. International Assets Investment Management LLC raised its stake in VICI Properties by 4,877.4% during the third quarter. International Assets Investment Management LLC now owns 247,427 shares of the company’s stock worth $8,242,000 after buying an additional 242,456 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in VICI Properties by 15.3% during the third quarter. Assenagon Asset Management S.A. now owns 29,188 shares of the company’s stock worth $972,000 after buying an additional 3,864 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in VICI Properties by 27.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 129,287 shares of the company’s stock worth $4,282,000 after buying an additional 28,063 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in VICI Properties by 39.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 98,594 shares of the company’s stock worth $3,284,000 after buying an additional 27,962 shares during the last quarter. Finally, Pathway Financial Advisers LLC raised its stake in VICI Properties by 13.2% during the third quarter. Pathway Financial Advisers LLC now owns 93,843 shares of the company’s stock worth $3,126,000 after buying an additional 10,923 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 0.8 %

Shares of NYSE VICI opened at $32.36 on Thursday. The stock has a market capitalization of $34.18 billion, a P/E ratio of 12.64, a P/E/G ratio of 3.88 and a beta of 0.95. The company has a 50-day moving average price of $29.73 and a 200-day moving average price of $31.45. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. 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 (NYSE:VICI) last issued 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 business 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, equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently declared 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 dividend yield of 5.35%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s payout ratio is currently 67.58%.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of analyst reports. Barclays lowered 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. Truist Financial lowered their target price 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. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Mizuho reduced their price target 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. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and a consensus 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.