Johnson Financial Group Inc. Increases Stock Position in VICI Properties Inc. (NYSE:VICI)

Johnson Financial Group Inc. lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 57.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,122 shares of the company’s stock after purchasing an additional 22,294 shares during the period. Johnson Financial Group Inc.’s holdings in VICI Properties were worth $1,820,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Transce3nd LLC purchased a new position in VICI Properties during the fourth quarter worth $28,000. Venturi Wealth Management LLC increased its position in 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 purchasing an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new position in VICI Properties in the 4th quarter valued at about $33,000. Whipplewood Advisors LLC purchased a new position in VICI Properties in the 4th quarter valued at about $40,000. Finally, Cromwell Holdings LLC boosted its stake in shares of VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after purchasing an additional 494 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays upped their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Finally, Mizuho raised their price target on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $34.93.

VICI Properties Stock Down 0.7 %

VICI opened at $32.23 on Friday. The company has a market cap of $34.06 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. 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 1 year low of $27.53 and a 1 year high of $34.29. The firm has a 50 day moving average price of $31.84 and a 200 day moving average price of $31.15.

VICI Properties (NYSE:VICI) last released 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 business had revenue of $976.05 million during 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%. Sell-side 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 was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties’s dividend payout ratio 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.