VICI Properties Inc. (NYSE:VICI) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 1,219.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 198,849 shares of the company’s stock after acquiring an additional 183,780 shares during the period. Lazard Asset Management LLC’s holdings in VICI Properties were worth $5,808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Transce3nd LLC acquired a new position in VICI Properties during the fourth quarter worth approximately $28,000. CoreCap Advisors LLC boosted its position in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after purchasing an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 431 shares during the last quarter. Quarry LP raised its holdings in shares of 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 acquiring an additional 897 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new position in shares of VICI Properties in the fourth quarter worth $33,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE VICI opened at $31.59 on Friday. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year high of $34.29. The business has a 50-day moving average of $31.73 and a 200-day moving average of $31.06. 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 company has a market capitalization of $33.38 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 3.88 and a beta of 0.74.

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

VICI Properties Announces Dividend

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

Analyst Upgrades and Downgrades

VICI has been the subject of a number of analyst reports. Mizuho boosted their price target on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Wells Fargo & Company upped their target price on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Robert W. Baird upped their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus upped their target price on VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.07.

VICI Properties Company 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.