Merit Financial Group LLC Has $1.29 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Merit Financial Group LLC lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 66.0% during the 1st quarter, Holdings Channel reports. The fund owned 39,394 shares of the company’s stock after acquiring an additional 15,668 shares during the quarter. Merit Financial Group LLC’s holdings in VICI Properties were worth $1,285,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of VICI. Yousif Capital Management LLC raised its position in VICI Properties by 12.1% in the 4th quarter. Yousif Capital Management LLC now owns 182,394 shares of the company’s stock worth $5,328,000 after purchasing an additional 19,625 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of VICI Properties by 9.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 141,213 shares of the company’s stock valued at $4,088,000 after acquiring an additional 11,926 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of VICI Properties by 2.5% during the 4th quarter. Bleakley Financial Group LLC now owns 40,494 shares of the company’s stock valued at $1,183,000 after acquiring an additional 969 shares during the last quarter. Leo Wealth LLC bought a new stake in shares of VICI Properties during the 4th quarter valued at $211,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of VICI Properties by 3.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,157,312 shares of the company’s stock valued at $150,645,000 after acquiring an additional 165,727 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE VICI opened at $31.47 on Friday. The firm has a market cap of $33.25 billion, a PE ratio of 12.29, a PEG ratio of 3.88 and a beta of 0.74. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year high of $34.29. The company has a fifty day moving average price of $31.58 and a 200 day moving average price of $31.06.

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

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties’s payout ratio is presently 69.20%.

Analyst Ratings Changes

VICI has been the subject of several recent research reports. Truist Financial upped their target price on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Wells Fargo & Company upped 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. Mizuho upped their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Barclays upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Finally, Robert W. Baird upped their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.