VICI Properties Inc. (NYSE:VICI) Shares Bought by Gates Capital Management Inc.

Gates Capital Management Inc. increased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,021,760 shares of the company’s stock after purchasing an additional 350,000 shares during the quarter. VICI Properties accounts for 1.7% of Gates Capital Management Inc.’s holdings, making the stock its 21st largest holding. Gates Capital Management Inc.’s holdings in VICI Properties were worth $88,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Transce3nd LLC acquired a new stake in shares of VICI Properties in the 4th quarter valued at $28,000. CoreCap Advisors LLC lifted its position in shares of VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in VICI Properties during the 4th quarter worth $33,000. Finally, Quarry LP boosted its stake in VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after acquiring an additional 897 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VICI has been the topic of several research reports. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Wells Fargo & Company increased their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Truist Financial increased their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Finally, Mizuho upped their price target on shares of 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 nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.07.

VICI Properties Stock Up 1.0 %

VICI opened at $31.89 on Friday. The business has a 50-day moving average of $31.81 and a two-hundred day moving average of $31.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29. The stock has a market capitalization of $33.70 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $984.20 million during the quarter, compared to analysts’ expectations of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 EPS. On average, research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.42%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 69.20%.

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.