Crestline Management LP Invests $2.03 Million in VICI Properties Inc. (NYSE:VICI)

Crestline Management LP acquired a new stake in VICI Properties Inc. (NYSE:VICI) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 69,525 shares of the company’s stock, valued at approximately $2,031,000.

A number of other large investors have also bought and sold shares of VICI. Transce3nd LLC acquired a new position in shares of VICI Properties during the fourth quarter worth about $28,000. Venturi Wealth Management LLC boosted its position in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after acquiring an additional 431 shares during the last quarter. Quarry LP grew its stake in shares of VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after acquiring an additional 897 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $33,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of VICI Properties in the fourth quarter worth $40,000. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a research report on Thursday, May 1st. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. 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. Mizuho boosted their price target on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company upped their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Three 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.07.

VICI Properties Trading Up 0.5 %

VICI stock opened at $31.69 on Thursday. VICI Properties Inc. has a one year low of $27.53 and a one year high of $34.29. The stock has a market cap of $33.49 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The company has a fifty day moving average price of $31.84 and a two-hundred day moving average price of $31.10. 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 announced its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The business had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. VICI Properties’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. Equities analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.46%. VICI Properties’s payout ratio is currently 69.20%.

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.