Gates Capital Management Inc. Increases Stock Position in VICI Properties Inc. (NYSE:VICI)

Gates Capital Management Inc. increased its holdings in VICI Properties Inc. (NYSE:VICI) by 13.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,021,760 shares of the company’s stock after buying an additional 350,000 shares during the period. VICI Properties comprises approximately 1.7% of Gates Capital Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Gates Capital Management Inc. owned about 0.29% of VICI Properties worth $88,266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Atria Wealth Solutions Inc. grew its stake in VICI Properties by 145.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock worth $1,189,000 after buying an additional 24,159 shares during the last quarter. Oxbow Advisors LLC acquired a new position in shares of VICI Properties during the fourth quarter valued at about $3,817,000. CHURCHILL MANAGEMENT Corp raised its position in shares of VICI Properties by 2.9% in the 4th 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 during the last quarter. Border to Coast Pensions Partnership Ltd grew its position in VICI Properties by 40.0% during 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 during the last quarter. Finally, Brookstone Capital Management purchased a new position in shares of VICI Properties in the fourth quarter worth $359,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $31.89 on Friday. The business has a 50 day simple moving average of $31.81 and a two-hundred day simple moving average of $31.09. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29. 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 capitalization of $33.70 billion, a P/E ratio of 12.46, a PEG ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. During the same period in the previous year, the business posted $0.56 earnings per share. VICI Properties’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders 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 dividend on an annualized basis and a yield of 5.42%. VICI Properties’s payout ratio is currently 69.20%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VICI. Barclays upped their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Truist Financial lifted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Robert W. Baird boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company raised their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.07.

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.