Whipplewood Advisors LLC Makes New $40,000 Investment in VICI Properties Inc. (NYSE:VICI)

Whipplewood Advisors LLC purchased a new stake in VICI Properties Inc. (NYSE:VICI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,384 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds have also modified their holdings of the company. D.A. Davidson & CO. increased its position in shares of VICI Properties by 3.2% in the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after purchasing an additional 340 shares during the last quarter. Carmel Capital Partners LLC grew its stake in shares of VICI Properties by 1.0% during the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after purchasing an additional 367 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in VICI Properties by 0.9% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after buying an additional 372 shares during the last quarter. Continuum Advisory LLC raised its stake in VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in VICI Properties by 3.3% during the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after buying an additional 391 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus raised their target price on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Truist Financial cut their price objective 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. Mizuho lowered their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Finally, 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 report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties Price Performance

Shares of VICI opened at $32.51 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The firm has a 50-day simple moving average of $29.89 and a 200-day simple moving average of $31.47. The company has a market capitalization of $34.34 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, equities research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.32%. VICI Properties’s dividend payout ratio is currently 67.58%.

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.