C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $234,000 in VICI Properties Inc. (NYSE:VICI)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,027 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VICI. Kestra Investment Management LLC purchased a new position in shares of VICI Properties during the 4th quarter valued at approximately $33,000. Atria Wealth Solutions Inc. lifted its position in shares of VICI Properties by 145.9% during 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 in 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 valued at $32,000 after buying an additional 431 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of VICI Properties by 3.2% during the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after buying an additional 340 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in VICI Properties by 2.9% in the 4th quarter. CIBC Asset Management Inc now owns 235,956 shares of the company’s stock valued at $6,892,000 after purchasing an additional 6,700 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE VICI opened at $30.75 on Friday. The company has a market cap of $32.41 billion, a P/E ratio of 11.39, a P/E/G ratio of 3.83 and a beta of 0.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a 50-day moving average of $29.59 and a two-hundred day moving average of $31.43. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 73.90% and a return on equity of 10.80%. As a group, analysts anticipate that VICI Properties Inc. will post 2.26 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.63%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio is currently 64.07%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VICI. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Mizuho decreased their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Barclays decreased their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Truist Financial decreased their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.22.

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.