Core Alternative Capital Decreases Position in VICI Properties Inc. (NYSE:VICI)

Core Alternative Capital reduced its position in shares of VICI Properties Inc. (NYSE:VICI) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,426 shares of the company’s stock after selling 4,152 shares during the period. Core Alternative Capital’s holdings in VICI Properties were worth $3,504,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. DigitalBridge Group Inc. acquired a new stake in shares of VICI Properties in the fourth quarter valued at about $4,282,000. Atria Investments Inc boosted its position in VICI Properties by 86.6% during the fourth quarter. Atria Investments Inc now owns 49,341 shares of the company’s stock worth $1,441,000 after acquiring an additional 22,897 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in VICI Properties by 20.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,058,388 shares of the company’s stock valued at $30,916,000 after acquiring an additional 180,961 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in VICI Properties in the 4th quarter valued at about $2,773,000. Finally, Capital Investment Advisors LLC raised its holdings in VICI Properties by 6.3% in the 1st quarter. Capital Investment Advisors LLC now owns 360,465 shares of the company’s stock valued at $11,758,000 after acquiring an additional 21,398 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Up 0.1%

VICI opened at $33.33 on Friday. The stock has a market capitalization of $35.22 billion, a PE ratio of 13.33, a P/E/G ratio of 3.84 and a beta of 0.70. VICI Properties Inc. has a one year low of $27.54 and a one year high of $34.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53. The business’s 50 day moving average price is $32.02 and its 200 day moving average price is $31.18.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The company had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be issued a $0.4325 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.19%. VICI Properties’s dividend payout ratio (DPR) is currently 69.20%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Robert W. Baird boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Mizuho lifted their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. Truist Financial boosted their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Stifel Nicolaus raised their target price on VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company lifted their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.42.

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.