Lido Advisors LLC Grows Position in VICI Properties Inc. (NYSE:VICI)

Lido Advisors LLC increased its stake in VICI Properties Inc. (NYSE:VICI) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,017 shares of the company’s stock after purchasing an additional 1,762 shares during the quarter. Lido Advisors LLC’s holdings in VICI Properties were worth $386,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. D.A. Davidson & CO. grew its holdings in VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after purchasing an additional 340 shares during the last quarter. Carret Asset Management LLC grew its stake in VICI Properties by 0.5% in the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock valued at $2,034,000 after acquiring an additional 354 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in VICI Properties by 0.9% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after acquiring an additional 372 shares in the last quarter. V Square Quantitative Management LLC raised its position in VICI Properties by 3.3% during the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after acquiring an additional 391 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of VICI Properties by 0.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company’s stock valued at $2,042,000 after purchasing an additional 408 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on VICI shares. Wells Fargo & Company raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a research note on Thursday, May 1st. Truist Financial boosted their price target on VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Finally, Robert W. Baird increased their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.07.

VICI Properties Price Performance

VICI Properties stock opened at $31.89 on Tuesday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $33.70 billion, a P/E ratio of 12.46, a PEG ratio of 3.88 and a beta of 0.74. The firm has a fifty day moving average of $31.88 and a 200-day moving average of $31.10. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. During the same period last year, the company posted $0.56 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.42%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is 69.20%.

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.