ProShare Advisors LLC Buys 66,158 Shares of VICI Properties Inc. (NYSE:VICI)

ProShare Advisors LLC raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 37.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,905 shares of the company’s stock after buying an additional 66,158 shares during the quarter. ProShare Advisors LLC’s holdings in VICI Properties were worth $7,124,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. raised its holdings in VICI Properties by 145.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock worth $1,189,000 after acquiring an additional 24,159 shares during the last quarter. Oxbow Advisors LLC purchased a new position in shares of VICI Properties in the fourth quarter worth $3,817,000. Brookstone Capital Management bought a new position in shares of VICI Properties during the fourth quarter valued at $359,000. Merit Financial Group LLC purchased a new stake in shares of VICI Properties during the fourth quarter valued at $693,000. Finally, Kestra Private Wealth Services LLC increased its holdings in VICI Properties by 67.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 33,395 shares of the company’s stock worth $975,000 after buying an additional 13,491 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VICI has been the topic of several research analyst reports. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Mizuho raised their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Truist Financial lifted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Barclays increased their price target on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Finally, Wells Fargo & Company raised their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.18.

VICI Properties Price Performance

NYSE VICI opened at $32.13 on Monday. The business’s fifty day moving average is $31.73 and its 200 day moving average is $31.04. 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 quick ratio of 2.61 and a current ratio of 2.61. The company has a market capitalization of $33.95 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.

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

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.39%. VICI Properties’s payout ratio is currently 69.20%.

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.