Envestnet Asset Management Inc. Acquires 214,565 Shares of VICI Properties Inc. (NYSE:VICI)

Envestnet Asset Management Inc. grew its holdings in VICI Properties Inc. (NYSE:VICI) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,166,581 shares of the company’s stock after purchasing an additional 214,565 shares during the period. Envestnet Asset Management Inc. owned approximately 0.77% of VICI Properties worth $238,546,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. boosted its holdings in VICI Properties by 145.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock valued at $1,189,000 after acquiring an additional 24,159 shares during the last quarter. Oxbow Advisors LLC bought a new position in VICI Properties during the 4th quarter valued at $3,817,000. CHURCHILL MANAGEMENT Corp boosted its holdings in VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after purchasing an additional 8,834 shares during the last quarter. Border to Coast Pensions Partnership Ltd lifted its position in shares of 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 buying an additional 130,000 shares in the last quarter. Finally, Brookstone Capital Management bought a new position in VICI Properties during the fourth quarter valued at about $359,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

NYSE VICI opened at $30.57 on Monday. The stock has a market cap of $32.30 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 3.88 and a beta of 0.70. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $31.36 and its two-hundred day moving average is $31.28. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The business had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. As a group, research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties’s dividend payout ratio is 67.58%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VICI. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays increased their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Wells Fargo & Company lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Finally, Truist Financial reduced their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.63.

VICI Properties 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.