Checchi Capital Advisers LLC Grows Position in VICI Properties Inc. (NYSE:VICI)

Checchi Capital Advisers LLC lifted its position in shares of VICI Properties Inc. (NYSE:VICI) by 4.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,669 shares of the company’s stock after purchasing an additional 509 shares during the quarter. Checchi Capital Advisers LLC’s holdings in VICI Properties were worth $341,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VICI. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of VICI Properties by 61.1% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 228,583 shares of the company’s stock worth $6,677,000 after purchasing an additional 86,700 shares during the last quarter. TCW Group Inc. grew its stake in VICI Properties by 4.4% in the fourth quarter. TCW Group Inc. now owns 123,731 shares of the company’s stock worth $3,614,000 after purchasing an additional 5,203 shares in the last quarter. Oxbow Advisors LLC bought a new stake in VICI Properties in the fourth quarter valued at about $3,817,000. Paradigm Asset Management Co. LLC acquired a new stake in VICI Properties during the fourth quarter valued at approximately $1,151,000. Finally, Cromwell Holdings LLC lifted its stake in VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after purchasing an additional 494 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Down 0.2 %

Shares of NYSE:VICI opened at $32.32 on Friday. 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 market cap of $34.14 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 3.88 and a beta of 0.95. The company has a 50 day moving average of $29.81 and a 200-day moving average of $31.46. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data 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 return on equity of 10.24% and a net margin of 69.59%. The business had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. On average, sell-side analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.35%. VICI Properties’s payout ratio is 67.58%.

Wall Street Analyst Weigh In

VICI has been the topic of a number of recent research reports. Truist Financial cut their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays reduced their price target on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Mizuho lowered their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Stifel Nicolaus raised their target price on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $34.20.

VICI Properties 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.