Farther Finance Advisors LLC Has $331,000 Stake in VICI Properties Inc. (NYSE:VICI)

Farther Finance Advisors LLC raised its position in VICI Properties Inc. (NYSE:VICI) by 26.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,201 shares of the company’s stock after purchasing an additional 2,152 shares during the quarter. Farther Finance Advisors LLC’s holdings in VICI Properties were worth $331,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Atria Wealth Solutions Inc. raised its position in VICI Properties by 145.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock valued at $1,189,000 after buying an additional 24,159 shares during the last quarter. Oxbow Advisors LLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $3,817,000. DigitalBridge Group Inc. acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $4,282,000. Atria Investments Inc raised its holdings in shares of VICI Properties by 86.6% in the fourth quarter. Atria Investments Inc now owns 49,341 shares of the company’s stock valued at $1,441,000 after purchasing an additional 22,897 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of VICI Properties by 20.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,058,388 shares of the company’s stock valued at $30,916,000 after purchasing an additional 180,961 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Robert W. Baird lifted their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Mizuho boosted their price target on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. Wells Fargo & Company boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. Truist Financial boosted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus boosted their target price on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average target price of $35.18.

VICI Properties Trading Up 0.4%

NYSE VICI opened at $32.28 on Wednesday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The company has a market cap of $34.11 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 2.98 and a beta of 0.70. The business’s fifty day moving average is $31.83 and its 200 day moving average is $31.04.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The firm had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. During the same period last year, the firm posted $0.56 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.4325 per share. The ex-dividend date is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.36%. VICI Properties’s dividend payout ratio (DPR) is presently 69.20%.

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.