Insigneo Advisory Services LLC Grows Stock Position in VICI Properties Inc. (NYSE:VICI)

Insigneo Advisory Services LLC grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,434 shares of the company’s stock after buying an additional 944 shares during the period. Insigneo Advisory Services LLC’s holdings in VICI Properties were worth $363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its position in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the period. Kestra Investment Management LLC bought a new position in VICI Properties in the 4th quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new position in VICI Properties in the 4th quarter valued at approximately $40,000. Cromwell Holdings LLC lifted its position in shares of 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 acquiring an additional 494 shares in the last quarter. Finally, Promus Capital LLC bought a new stake in shares of VICI Properties during the 4th quarter valued at $63,000. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Barclays lifted their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Stifel Nicolaus upped their target price on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a report on Thursday, March 27th. Mizuho raised their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, April 3rd. Truist Financial decreased their price target 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. Finally, JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.63.

VICI Properties Stock Performance

VICI Properties stock opened at $32.56 on Friday. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year high of $34.29. The firm has a market cap of $34.40 billion, a P/E ratio of 12.72, a P/E/G ratio of 3.88 and a beta of 0.70. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average of $31.61 and a 200-day moving average of $31.15.

VICI Properties (NYSE:VICI) last issued 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 business had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.31%. VICI Properties’s dividend payout ratio is 67.58%.

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.