Proficio Capital Partners LLC Purchases Shares of 47,545 VICI Properties Inc. (NYSE:VICI)

Proficio Capital Partners LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 47,545 shares of the company’s stock, valued at approximately $1,389,000.

A number of other large investors have also made changes to their positions in VICI. Venturi Wealth Management LLC grew its stake in shares of VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC bought a new position in shares of VICI Properties during the 4th quarter valued at approximately $33,000. Whipplewood Advisors LLC bought a new position in shares of VICI Properties during the 4th quarter valued at approximately $40,000. Continuum Advisory LLC grew its stake in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the period. Finally, Cromwell Holdings LLC grew its stake in shares of VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock valued at $61,000 after acquiring an additional 494 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VICI shares. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays boosted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday. Truist Financial lowered their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Stifel Nicolaus boosted their price target on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.30.

VICI Properties Stock Performance

NYSE:VICI opened at $32.65 on Friday. The stock’s fifty day moving average is $30.14 and its 200 day moving average is $31.49. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The firm has a market capitalization of $34.49 billion, a PE ratio of 12.76, a PEG 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.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

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.