Voloridge Investment Management LLC Has $14.12 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Voloridge Investment Management LLC decreased its position in shares of VICI Properties Inc. (NYSE:VICI) by 66.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 483,518 shares of the company’s stock after selling 963,493 shares during the quarter. Voloridge Investment Management LLC’s holdings in VICI Properties were worth $14,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Transce3nd LLC bought a new stake in VICI Properties during the 4th quarter worth approximately $28,000. CoreCap Advisors LLC lifted its holdings in shares of VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after purchasing an additional 1,000 shares during the period. Venturi Wealth Management LLC grew its stake in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in VICI Properties in the fourth quarter valued at $33,000. Finally, Quarry LP raised its position in 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 purchasing an additional 897 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on VICI. Robert W. Baird upped their price target on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Stifel Nicolaus upped their target price on VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a report on Thursday, May 1st. Barclays increased 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. Mizuho boosted their price target on shares of 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 increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $35.18.

VICI Properties Price Performance

VICI Properties stock opened at $31.49 on Friday. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock’s 50 day moving average price is $31.67 and its two-hundred day moving average price is $31.05.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The business had revenue of $984.20 million for 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%. VICI Properties’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. On average, equities analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

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