Chevy Chase Trust Holdings LLC Has $18.04 Million Position in VICI Properties Inc. (NYSE:VICI)

Chevy Chase Trust Holdings LLC trimmed its position in shares of VICI Properties Inc. (NYSE:VICI) by 0.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 552,867 shares of the company’s stock after selling 317 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of VICI Properties worth $18,035,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its stake in shares of VICI Properties by 1.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 2,096,889 shares of the company’s stock valued at $68,401,000 after buying an additional 36,641 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in VICI Properties by 27.1% in the first quarter. Oppenheimer & Co. Inc. now owns 76,812 shares of the company’s stock valued at $2,506,000 after acquiring an additional 16,393 shares during the period. Oppenheimer Asset Management Inc. raised its position in VICI Properties by 7.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 610,909 shares of the company’s stock worth $19,928,000 after purchasing an additional 43,357 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in VICI Properties by 7.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 244,767 shares of the company’s stock worth $7,984,000 after purchasing an additional 17,297 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in VICI Properties during the first quarter valued at approximately $999,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Down 1.5%

Shares of VICI stock opened at $32.31 on Thursday. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53. The stock has a market cap of $34.14 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 3.04 and a beta of 0.70. The firm’s 50-day moving average is $31.97 and its 200-day moving average is $31.08.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. The company had revenue of $984.20 million during the quarter, compared to analysts’ expectations of $976.51 million. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. VICI Properties’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 earnings per share. Sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties’s dividend payout ratio is presently 69.20%.

Analysts Set New Price Targets

VICI has been the subject of a number of recent research reports. Robert W. Baird increased their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Mizuho boosted their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Wells Fargo & Company increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Stifel Nicolaus boosted their price target on shares of VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a research report on Thursday, May 1st. Finally, Truist Financial lifted their target price 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. Two 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.42.

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.