VICI Properties Inc. $VICI Shares Acquired by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 28.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 438,122 shares of the company’s stock after purchasing an additional 97,574 shares during the period. Empowered Funds LLC’s holdings in VICI Properties were worth $11,969,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its position in shares of VICI Properties by 204.4% during the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after buying an additional 25,234 shares in the last quarter. Woodline Partners LP raised its holdings in VICI Properties by 41.3% in the first quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock valued at $2,905,000 after acquiring an additional 26,017 shares in the last quarter. Jump Financial LLC raised its holdings in VICI Properties by 45.0% in the second quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock valued at $867,000 after acquiring an additional 8,259 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in VICI Properties by 96.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock valued at $31,843,000 after acquiring an additional 478,538 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in VICI Properties by 1.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock worth $6,860,000 after acquiring an additional 2,775 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $27.13 on Thursday. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $27.19 and its two-hundred day moving average price is $28.07. VICI Properties Inc. has a 52-week low of $25.82 and a 52-week high of $34.01. The stock has a market capitalization of $29.00 billion, a P/E ratio of 9.29 and a beta of 0.65.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.71 by $0.11. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. As a group, sell-side analysts forecast that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Thursday, June 18th. VICI Properties’s dividend payout ratio is presently 61.64%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VICI shares. Wells Fargo & Company dropped their target price on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Royal Bank Of Canada assumed coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target on the stock. Barclays decreased their price target on VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Scotiabank lowered their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, VICI Properties currently has a consensus rating of “Hold” and a consensus price target of $31.77.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.