Point72 Hong Kong Ltd Purchases Shares of 1,427 VICI Properties Inc. (NYSE:VICI)

Point72 Hong Kong Ltd acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,427 shares of the company’s stock, valued at approximately $42,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Transce3nd LLC purchased a new stake in VICI Properties during the fourth quarter valued at about $28,000. CoreCap Advisors LLC lifted its stake in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of VICI Properties by 64.1% during the 4th 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. Quarry LP increased its position in VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after purchasing an additional 897 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in VICI Properties in the fourth quarter valued at approximately $33,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on VICI shares. Mizuho lifted their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Stifel Nicolaus lifted their target price on shares of VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a report on Thursday, May 1st. Truist Financial increased their price target on VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Wells Fargo & Company boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.18.

VICI Properties Trading Up 1.6%

NYSE:VICI opened at $32.13 on Friday. The stock has a market cap of $33.95 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a one year low of $27.53 and a one year high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The business’s 50-day simple moving average is $31.73 and its 200 day simple moving average is $31.05.

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

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.39%. VICI Properties’s dividend payout ratio is presently 69.20%.

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.