VICI Properties Inc. $VICI Stock Position Boosted by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its position in VICI Properties Inc. (NYSE:VICI) by 166.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 518,186 shares of the company’s stock after acquiring an additional 323,399 shares during the period. VICI Properties accounts for 0.5% of Edgestream Partners L.P.’s holdings, making the stock its 10th largest position. Edgestream Partners L.P.’s holdings in VICI Properties were worth $14,157,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in VICI. State of Wyoming acquired a new position in VICI Properties in the 2nd quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in VICI Properties during the 2nd quarter worth $28,000. Bayban purchased a new stake in shares of VICI Properties during the fourth quarter worth $25,000. Dynamic Wealth Strategies LLC purchased a new stake in shares of VICI Properties during the first quarter worth $25,000. Finally, BOKF NA acquired a new stake in shares of VICI Properties in the third quarter valued at about $30,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VICI. Scotiabank decreased their price target on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of VICI Properties in a report on Monday, May 4th. Barclays decreased their target price on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Morgan Stanley dropped their price target on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.77.

VICI Properties Trading Up 0.1%

Shares of VICI opened at $27.13 on Thursday. VICI Properties Inc. has a 12-month low of $25.82 and a 12-month high of $34.01. The firm has a market capitalization of $29.00 billion, a P/E ratio of 9.29 and a beta of 0.65. The firm has a 50-day moving average price of $27.19 and a 200 day moving average price of $28.07. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. VICI Properties’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 earnings per share. Sell-side analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.6%. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.