Cubist Systematic Strategies LLC Invests $4.48 Million in VICI Properties Inc. (NYSE:VICI)

Cubist Systematic Strategies LLC acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 153,366 shares of the company’s stock, valued at approximately $4,480,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. Transce3nd LLC purchased a new position in shares of VICI Properties during the fourth quarter valued at $28,000. Venturi Wealth Management LLC boosted 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 valued at $32,000 after acquiring an additional 431 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of VICI Properties in the 4th quarter valued at $33,000. Quarry LP raised its position in shares of VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after acquiring an additional 897 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of VICI Properties during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE:VICI opened at $31.89 on Friday. The company has a fifty day moving average of $31.81 and a two-hundred day moving average of $31.09. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29. The stock has a market capitalization of $33.70 billion, a PE ratio of 12.46, a P/E/G ratio of 3.88 and a beta of 0.74. 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 quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. During the same period last year, the company posted $0.56 EPS. VICI Properties’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, research analysts forecast 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, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.42%. VICI Properties’s payout ratio is presently 69.20%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JMP Securities reiterated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Wells Fargo & Company raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Stifel Nicolaus upped their price target 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 boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Finally, Robert W. Baird raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.07.

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.