DAVENPORT & Co LLC Acquires 403 Shares of VICI Properties Inc. (NYSE:VICI)

DAVENPORT & Co LLC boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 3.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,646 shares of the company’s stock after purchasing an additional 403 shares during the period. DAVENPORT & Co LLC’s holdings in VICI Properties were worth $347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VICI. Jones Financial Companies Lllp lifted its stake in shares of VICI Properties by 85.4% in the 4th quarter. Jones Financial Companies Lllp now owns 6,781 shares of the company’s stock valued at $198,000 after acquiring an additional 3,123 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of VICI Properties by 9.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 30,454 shares of the company’s stock valued at $890,000 after acquiring an additional 2,603 shares during the last quarter. Atria Investments Inc lifted its stake in shares of VICI Properties by 86.6% in the 4th quarter. Atria Investments Inc now owns 49,341 shares of the company’s stock valued at $1,441,000 after acquiring an additional 22,897 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of VICI Properties in the 4th quarter valued at $1,389,000. Finally, Callan Family Office LLC bought a new position in shares of VICI Properties in the 4th quarter valued at $213,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $33.01 on Wednesday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $32.05 and a two-hundred day moving average price of $31.24. VICI Properties Inc. has a 1-year low of $27.54 and a 1-year high of $34.29. The company has a market cap of $34.88 billion, a P/E ratio of 13.20, a PEG ratio of 3.74 and a beta of 0.70.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $976.51 million. During the same period last year, the business posted $0.56 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently announced 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 of this dividend is Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.24%. VICI Properties’s dividend payout ratio is presently 69.20%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VICI. Stifel Nicolaus increased their price target on VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a research note on Thursday, May 1st. Morgan Stanley increased their price objective on VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday. Truist Financial increased their price objective on VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Mizuho increased their price objective on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, April 3rd. Finally, Robert W. Baird increased their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” 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 presently has an average rating of “Moderate Buy” and an average target price of $35.38.

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.