Harel Insurance Investments & Financial Services Ltd. acquired a new position in VICI Properties Inc. (NYSE:VICI – Get a rating) in the first quarter, according to the company in its latest filing with the Securities and Exchange Commission. The institutional investor purchased 2,100 shares of the company, valued at approximately $60,000.
A number of other hedge funds and other institutional investors have also recently increased or reduced their stakes in the stock. 180 Wealth Advisors LLC increased its position in VICI Properties by 4.5% in Q1. 180 Wealth Advisors LLC now owns 7,969 shares of the company worth $238,000 after buying 342 additional shares in the last quarter. Tokio Marine Asset Management Co.Ltd. increased its position in VICI Properties by 5.3% in the 4th quarter. Tokio Marine Asset Management Co.Ltd. now owns 8,054 shares of the company worth $243,000 after purchasing an additional 409 shares in the last quarter. Johnson Financial Group Inc. increased its position in VICI Properties by 3.7% in the fourth quarter. Johnson Financial Group Inc. now owns 12,360 shares of the company worth $372,000 after buying 438 additional shares in the last quarter. NTB Financial Corp increased its position in VICI Properties by 5.8% in the 1st quarter. NTB Financial Corp now owns 8,005 shares of the company worth $228,000 after buying an additional 440 shares in the last quarter. Finally, Ellevest Inc. increased its equity stake in VICI Properties by 51.1% during the 1st quarter. Ellevest Inc. now owns 1,313 shares of the company valued at $37,000 after purchasing an additional 444 shares in the last quarter.
VICI properties are trading up 0.2%
NYSE:VICI opened at $33.06 on Monday. VICI Properties Inc. has a 1 year minimum of $26.23 and a 1 year maximum of $33.95. The company’s fifty-day simple moving average is $30.53 and its 200-day simple moving average is $29.08. The company has a market capitalization of $31.84 billion, a PE ratio of 20.53, a PEG ratio of 2.45 and a beta of 0.93.
VICI properties (NYSE:VICI – Get a rating) last reported results on Wednesday, May 4. The company reported earnings per share (EPS) of $0.35 for the quarter, missing analyst consensus estimates of $0.44 per ($0.09). VICI Properties had a net margin of 63.44% and a return on equity of 10.42%. The company posted revenue of $416.20 million in the quarter, compared to analyst estimates of $410.84 million. In the same quarter a year earlier, the company posted earnings of $0.47 per share. The company’s quarterly revenue increased by 11.2% compared to the same quarter last year. As a group, analysts expect VICI Properties Inc. to post EPS of 1.91 for the current fiscal year.
VICI Properties Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, July 7. Shareholders of record on Thursday, June 23 received a dividend of $0.36. The ex-dividend date was Wednesday, June 22. This represents an annualized dividend of $1.44 and a yield of 4.36%. VICI Properties’ dividend payout ratio is 89.44%.
Wall Street analysts predict growth
A number of research analysts have weighed in on the stock recently. Evercore ISI restated an “outperform” rating and set a price target of $37.00 on VICI Properties shares in a Wednesday, July 20 report. Truist Financial raised its price target on VICI Properties shares from $35.00 to $40.00 and gave the company a “buy” rating in a Wednesday, July 20 report. Raymond James raised his price target on VICI Properties shares from $36.00 to $38.00 and gave the company a “Strong Buy” rating in a Friday, July 8 report. JPMorgan Chase & Co. assumed coverage for VICI Properties shares in a report on Tuesday, May 3. They set an “overweight” rating on the stock. Finally, Goldman Sachs Group raised its price target on VICI Properties shares from $35.00 to $39.00 and gave the company a “buy” rating in a Thursday, May 19 report. One analyst rated the stock with a hold rating, ten gave the company a buy rating and one gave the company a strong buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $35.80.
VICI Properties Profile
VICI Properties is an experiential real estate investment trust with one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including world-renowned Caesars Palace. VICI Properties’ national and geographically diverse portfolio consists of 29 gaming facilities covering over 48 million square feet and includes approximately 19,200 hotel rooms and over 200 restaurants, bars and nightclubs.
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