GoalVest Advisory LLC Grows Stock Holdings in VICI Properties Inc. (NYSE:VICI)

GoalVest Advisory LLC boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 17.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,679 shares of the company’s stock after buying an additional 5,552 shares during the period. GoalVest Advisory LLC’s holdings in VICI Properties were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in shares of VICI Properties during the 4th quarter valued at $419,932,000. Northern Trust Corp increased its holdings in shares of VICI Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company’s stock worth $354,512,000 after purchasing an additional 3,298,314 shares during the period. Mackenzie Financial Corp increased its holdings in shares of VICI Properties by 2,437.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company’s stock worth $98,982,000 after purchasing an additional 3,255,078 shares during the period. Capital World Investors increased its holdings in shares of VICI Properties by 11.4% in the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock worth $827,160,000 after purchasing an additional 2,903,744 shares during the period. Finally, Man Group plc increased its holdings in shares of VICI Properties by 65.0% in the fourth quarter. Man Group plc now owns 4,353,981 shares of the company’s stock worth $127,180,000 after purchasing an additional 1,715,194 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Up 0.4%

Shares of NYSE:VICI opened at $31.65 on Friday. The firm has a fifty day moving average of $31.64 and a 200 day moving average of $31.06. 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 52-week low of $27.53 and a 52-week high of $34.29. The firm has a market capitalization of $33.45 billion, a PE ratio of 12.36, a price-to-earnings-growth 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 (EPS) for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same period in the prior year, the business posted $0.56 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. As a group, research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.47%. VICI Properties’s dividend payout ratio is currently 69.20%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Robert W. Baird upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Stifel Nicolaus upped their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a report on Thursday, May 1st. Truist Financial upped their price target on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company upped their price target on shares of 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 eight have issued a buy rating to the stock. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $35.18.

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.