Assetmark Inc. Acquires 186,999 Shares of VICI Properties Inc. $VICI

Assetmark Inc. boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 9.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,250,066 shares of the company’s stock after purchasing an additional 186,999 shares during the quarter. Assetmark Inc.’s holdings in VICI Properties were worth $73,352,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after purchasing an additional 724 shares during the period. Wayfinding Financial LLC bought a new stake in VICI Properties during the 1st quarter valued at approximately $29,000. Hoey Investments Inc. acquired a new position in VICI Properties in the 2nd quarter valued at approximately $33,000. Avalon Trust Co acquired a new position in VICI Properties in the 1st quarter valued at approximately $35,000. Finally, Investment Management Corp VA ADV raised its holdings in VICI Properties by 171.3% in the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after acquiring an additional 709 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI Properties stock opened at $29.70 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $31.67 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 3.03 and a beta of 0.72. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03. The business has a 50 day simple moving average of $32.27 and a 200 day simple moving average of $32.36.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.VICI Properties’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS. On average, sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were given a dividend of $0.45 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.1%. VICI Properties’s dividend payout ratio is 68.97%.

Wall Street Analysts Forecast Growth

Several research firms have commented on VICI. Wells Fargo & Company upped their price target on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Evercore ISI upped their price target on VICI Properties from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Cantor Fitzgerald began coverage on VICI Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $37.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.08.

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.