Cornell Pochily Investment Advisors Inc. Increases Stake in VICI Properties Inc. (NYSE:VICI)

Cornell Pochily Investment Advisors Inc. raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 40.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,061 shares of the company’s stock after buying an additional 3,729 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in VICI Properties were worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. D.A. Davidson & CO. grew its holdings in shares of VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after purchasing an additional 340 shares in the last quarter. Carret Asset Management LLC grew its holdings in shares of VICI Properties by 0.5% in the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock valued at $2,034,000 after purchasing an additional 354 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in shares of VICI Properties by 0.9% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after purchasing an additional 372 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of VICI Properties by 3.1% in the fourth quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company’s stock valued at $369,000 after purchasing an additional 378 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock valued at $357,000 after purchasing an additional 391 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

Shares of VICI stock opened at $32.10 on Friday. The stock’s 50-day simple moving average is $31.74 and its 200-day simple moving average is $31.05. The firm has a market capitalization of $33.92 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two 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.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The firm had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. VICI Properties’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. As a group, equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.39%. The ex-dividend date is Wednesday, June 18th. VICI Properties’s dividend payout ratio (DPR) is 69.20%.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Stifel Nicolaus lifted their target price on VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Barclays raised their price target on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Truist Financial lifted their target price on VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Finally, Robert W. Baird lifted their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. 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 MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $35.18.

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.