NEOS Investment Management LLC Grows Position in VICI Properties Inc. (NYSE:VICI)

NEOS Investment Management LLC boosted its position in VICI Properties Inc. (NYSE:VICI) by 31.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,265 shares of the company’s stock after purchasing an additional 14,933 shares during the quarter. NEOS Investment Management LLC’s holdings in VICI Properties were worth $1,819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VICI. Atria Wealth Solutions Inc. increased its stake in shares of VICI Properties by 145.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock worth $1,189,000 after acquiring an additional 24,159 shares in the last quarter. Oxbow Advisors LLC purchased a new stake in VICI Properties in the fourth quarter worth about $3,817,000. CHURCHILL MANAGEMENT Corp increased its stake in shares of VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after purchasing an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of VICI Properties by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after purchasing an additional 40,733 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd boosted its position in shares of VICI Properties by 40.0% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after purchasing an additional 130,000 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI opened at $31.99 on Friday. The business has a 50-day simple moving average of $31.13 and a two-hundred day simple moving average of $31.38. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The stock has a market cap of $33.80 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (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 firm had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. On average, analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

Analysts Set New Price Targets

VICI has been the topic of several analyst reports. Truist Financial dropped their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research report on Thursday. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wells Fargo & Company increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Finally, JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.23.

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.