Generali Asset Management SPA SGR Makes New Investment in VICI Properties Inc. (NYSE:VICI)

Generali Asset Management SPA SGR acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 107,166 shares of the company’s stock, valued at approximately $3,130,000.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC lifted its holdings in shares of VICI Properties by 64.1% during the 4th 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 in the last quarter. Kestra Investment Management LLC bought a new position in shares of VICI Properties during the fourth quarter worth about $33,000. Whipplewood Advisors LLC bought a new position in shares of VICI Properties during the fourth quarter worth about $40,000. Continuum Advisory LLC grew its holdings in shares of 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 in the last quarter. Finally, Cromwell Holdings LLC grew its holdings in shares of 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 in the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VICI shares. Stifel Nicolaus upped their target price on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial dropped their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties Trading Down 0.9 %

VICI Properties stock opened at $32.38 on Thursday. The stock has a market capitalization of $34.20 billion, a P/E ratio of 12.65, a PEG ratio of 3.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The stock has a 50-day simple moving average of $30.71 and a 200 day simple moving average of $31.45.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data 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). The company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a dividend of $0.4325 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.34%. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

About VICI Properties

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.