VICI Properties Inc. $VICI Stock: Fulcrum Asset Management LLP Grows Stake

Fulcrum Asset Management LLP boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 71,538.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 64,475 shares of the company’s stock after buying an additional 64,385 shares during the quarter. Fulcrum Asset Management LLP’s holdings in VICI Properties were worth $1,496,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of VICI Properties during the 2nd quarter valued at $3,433,817,000. Bank of America Corp DE bought a new stake in shares of VICI Properties during the 2nd quarter worth $778,709,000. Legal & General Group Plc acquired a new position in shares of VICI Properties in the 2nd quarter worth $366,514,000. Man Group plc acquired a new position in shares of VICI Properties in the 2nd quarter worth $318,249,000. Finally, Hsbc Holdings PLC acquired a new position in shares of VICI Properties in the 2nd quarter worth $281,629,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on VICI. Raymond James Financial set a $29.00 price objective on VICI Properties in a report on Thursday, August 13th. Morgan Stanley decreased their target price on shares of VICI Properties from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday, September 15th. Citigroup decreased their target price on shares of VICI Properties from $36.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, November 5th. JPMorgan Chase & Co. downgraded shares of VICI Properties from an “overweight” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Thursday, September 24th. Finally, Weiss Ratings lowered shares of VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, September 9th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and a consensus target price of $29.46.

VICI Properties Stock Down 0.2%

VICI opened at $24.93 on Thursday. VICI Properties Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $30.83. The business has a 50-day moving average of $23.98 and a 200-day moving average of $26.82. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.35 and a quick ratio of 2.35. The company has a market capitalization of $27.46 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 2.00 and a beta of 0.64.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, October 28th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.41). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. VICI Properties had a return on equity of 8.10% and a net margin of 56.46%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. Equities research analysts forecast that VICI Properties Inc. will post 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were paid a $0.46 dividend. The ex-dividend date was Thursday, September 17th. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.4%. VICI Properties’s dividend payout ratio is presently 84.40%.

VICI Properties Profile

VICI Properties Inc. is a real estate investment trust that owns experiential properties, with a portfolio focused primarily on casinos and other gaming-related destinations. Its properties include gaming facilities, hotels, restaurants and entertainment venues. The company leases its properties to operators under long-term agreements, generally structured as triple-net leases, in which tenants are responsible for expenses such as property taxes, insurance and maintenance. VICI also owns golf courses and other leisure-related properties.