Edgestream Partners L.P. Purchases New Position in VICI Properties Inc. (NYSE:VICI)

Edgestream Partners L.P. purchased a new stake in VICI Properties Inc. (NYSE:VICI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 54,293 shares of the company’s stock, valued at approximately $1,586,000.

A number of other large investors have also recently modified their holdings of VICI. Venturi Wealth Management LLC boosted its holdings 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 valued at $32,000 after purchasing an additional 431 shares during the period. Kestra Investment Management LLC purchased a new stake in VICI Properties during the fourth quarter worth $33,000. Whipplewood Advisors LLC purchased a new stake in VICI Properties during the fourth quarter worth $40,000. Continuum Advisory LLC lifted its holdings in VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares during the period. Finally, Cromwell Holdings LLC lifted its holdings in VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after buying an additional 494 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

NYSE VICI opened at $32.61 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock’s fifty day moving average price is $30.22 and its 200 day moving average price is $31.48. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a market cap of $34.45 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. As a group, equities research analysts forecast 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 will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.30%. The ex-dividend date is Thursday, March 20th. VICI Properties’s payout ratio is 67.58%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays upped their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wells Fargo & Company upped their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Truist Financial decreased their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.20.

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.