Proficio Capital Partners LLC Makes New Investment in VICI Properties Inc. (NYSE:VICI)

Proficio Capital Partners LLC acquired a new position in VICI Properties Inc. (NYSE:VICI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 47,545 shares of the company’s stock, valued at approximately $1,389,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Atria Investments Inc lifted its holdings in VICI Properties by 86.6% in the 4th quarter. Atria Investments Inc now owns 49,341 shares of the company’s stock worth $1,441,000 after buying an additional 22,897 shares during the period. Assetmark Inc. raised its position in shares of VICI Properties by 1.4% in the 4th quarter. Assetmark Inc. now owns 2,016,695 shares of the company’s stock worth $58,908,000 after acquiring an additional 27,436 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of VICI Properties by 37.1% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 58,281 shares of the company’s stock worth $1,691,000 after acquiring an additional 15,756 shares in the last quarter. Pinion Investment Advisors LLC raised its position in shares of VICI Properties by 4.3% in the 4th quarter. Pinion Investment Advisors LLC now owns 18,072 shares of the company’s stock worth $528,000 after acquiring an additional 749 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of VICI Properties by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company’s stock worth $356,635,000 after acquiring an additional 385,649 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI opened at $32.00 on Friday. The business’s fifty day simple moving average is $30.77 and its two-hundred day simple moving average is $31.46. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a market cap of $33.80 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last issued its 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). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. Research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.41%. VICI Properties’s dividend payout ratio is 67.58%.

Analyst Ratings Changes

Several research analysts have recently issued reports on VICI shares. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Truist Financial decreased their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Barclays increased their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Finally, Mizuho reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average price target of $34.20.

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.