Norden Group LLC Buys 1,299 Shares of VICI Properties Inc. (NYSE:VICI)

Norden Group LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 9.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,514 shares of the company’s stock after acquiring an additional 1,299 shares during the period. Norden Group LLC’s holdings in VICI Properties were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares 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 worth $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC bought a new position in shares of VICI Properties during the 4th quarter worth about $33,000. Whipplewood Advisors LLC bought a new position in shares of VICI Properties during the 4th quarter worth about $40,000. Continuum Advisory LLC lifted its holdings in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Trading Up 0.6 %

VICI opened at $32.67 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $34.51 billion, a PE ratio of 12.76, a PEG ratio of 3.88 and a beta of 0.95. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The firm has a 50-day moving average price of $29.89 and a two-hundred day moving average price of $31.47.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, equities analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Barclays cut their price target on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Stifel Nicolaus lifted their price target on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $34.20.

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.