PFG Investments LLC Makes New $248,000 Investment in VICI Properties Inc. (NYSE:VICI)

PFG Investments LLC purchased a new position in VICI Properties Inc. (NYSE:VICI) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,595 shares of the company’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in VICI. D.A. Davidson & CO. lifted its position in shares of VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after buying an additional 340 shares during the last quarter. Venturi Wealth Management LLC lifted its position 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 worth $32,000 after purchasing an additional 431 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of VICI Properties by 39.4% during the 4th quarter. Private Advisor Group LLC now owns 28,302 shares of the company’s stock worth $827,000 after purchasing an additional 7,993 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in shares of VICI Properties by 4.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 11,669 shares of the company’s stock worth $341,000 after purchasing an additional 509 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of VICI Properties by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 90,363 shares of the company’s stock worth $2,640,000 after purchasing an additional 720 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Robert W. Baird boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Mizuho boosted their price objective 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 price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Barclays boosted their price objective 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, Stifel Nicolaus boosted their price objective on VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Two 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.42.

VICI Properties Trading Down 1.5%

VICI Properties stock opened at $32.31 on Thursday. The business has a 50 day moving average price of $31.97 and a two-hundred day moving average price of $31.08. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. The stock has a market cap of $34.14 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $984.20 million during the quarter, compared to analysts’ expectations of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. As a group, equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be paid a $0.4325 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.35%. VICI Properties’s dividend payout ratio is currently 69.20%.

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.