DigitalBridge Group Inc. Takes $4.28 Million Position in VICI Properties Inc. (NYSE:VICI)

DigitalBridge Group Inc. bought a new stake in VICI Properties Inc. (NYSE:VICI) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 146,600 shares of the company’s stock, valued at approximately $4,282,000.

A number of other institutional investors have also added to or reduced their stakes in VICI. Secure Asset Management LLC raised its holdings in VICI Properties by 11.7% during the fourth quarter. Secure Asset Management LLC now owns 55,446 shares of the company’s stock worth $1,620,000 after buying an additional 5,818 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of VICI Properties by 8.8% during the fourth quarter. Sound Income Strategies LLC now owns 493,942 shares of the company’s stock worth $14,428,000 after acquiring an additional 39,898 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of VICI Properties by 3.3% in the 4th quarter. Fifth Third Bancorp now owns 45,958 shares of the company’s stock worth $1,342,000 after acquiring an additional 1,462 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its position in VICI Properties by 6.3% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 122,073 shares of the company’s stock valued at $3,566,000 after acquiring an additional 7,260 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in VICI Properties in the 4th quarter valued at about $233,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Up 0.9%

Shares of NYSE:VICI opened at $31.49 on Friday. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29. The company has a market capitalization of $33.28 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The business has a fifty day moving average price of $31.67 and a two-hundred day moving average price of $31.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

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

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 69.20%.

Analyst Ratings Changes

A number of analysts have commented on VICI shares. Truist Financial boosted their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Barclays increased their price target on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus lifted their price objective 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. Finally, JMP Securities reiterated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.18.

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.