CoreCap Advisors LLC Has $30,000 Stock Position in VICI Properties Inc. (NYSE:VICI)

CoreCap Advisors LLC increased its position in VICI Properties Inc. (NYSE:VICI) by 5,555.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,018 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. CoreCap Advisors LLC’s holdings in VICI Properties were worth $30,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in VICI Properties in the fourth quarter worth about $28,000. Venturi Wealth Management LLC increased its position in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the period. Quarry LP increased its position in VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after purchasing an additional 897 shares during the period. Kestra Investment Management LLC acquired a new stake in VICI Properties in the fourth quarter worth about $33,000. Finally, Whipplewood Advisors LLC acquired a new stake in VICI Properties in the fourth quarter worth about $40,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VICI shares. Wells Fargo & Company lifted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Mizuho raised their target price on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Barclays raised their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Finally, Truist Financial raised their target price on VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and a consensus price target of $35.07.

VICI Properties Trading Up 1.6%

NYSE:VICI opened at $31.59 on Friday. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market capitalization of $33.38 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The business’s 50-day simple moving average is $31.73 and its 200-day simple moving average is $31.06.

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

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio is presently 69.20%.

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.