CenterBook Partners LP acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 114,595 shares of the company’s stock, valued at approximately $2,632,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of VICI Properties by 83.3% in the third quarter. International Assets Investment Management LLC now owns 15,875 shares of the company’s stock worth $361,000 after buying an additional 7,212 shares in the last quarter. Heritage Family Offices LLP bought a new stake in VICI Properties during the third quarter valued at $120,000. Ullmann Wealth Partners Group LLC purchased a new position in VICI Properties during the third quarter worth about $201,000. Pathway Financial Advisers LLC grew its holdings in shares of VICI Properties by 7.0% during the third quarter. Pathway Financial Advisers LLC now owns 126,807 shares of the company’s stock worth $2,913,000 after purchasing an additional 8,298 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in VICI Properties by 1,196.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 238,360 shares of the company’s stock worth $5,663,000 after buying an additional 219,976 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.
VICI Properties News Roundup
Here are the key news stories impacting VICI Properties this week:
- Positive Sentiment: A Motley Fool article points to VICI’s long-term leases, full occupancy and an estimated 7.3% forward dividend yield as reasons investors may find the REIT attractive. Article: If I Could Put $10,000 Into Just 1 Dividend Grower in November
- Positive Sentiment: Coverage of a $2 billion buyback raises the prospect of another source of shareholder returns, though the headline frames it as an investment opportunity rather than providing details on timing or execution. Article: VICI’s $2 billion buyback: A massive buying opportunity?
- Neutral Sentiment: Citigroup and Cantor Fitzgerald maintained Buy ratings, signaling continued optimism, but both lowered their price targets. Article: Citi Sticks to Its Buy Rating for VICI Properties Article: Cantor Fitzgerald Sticks to Its Buy Rating for VICI Properties
- Negative Sentiment: Citigroup cut its target to $30 from $36, while keeping its Buy rating; Cantor Fitzgerald also reduced its target. The lower expectations may weigh on sentiment, although Citi’s new target still implies potential upside from the cited $24.80 share price. Article: VICI Properties Stock Price Target Lowered at Citigroup Article: VICI Properties Stock Price Target Cut by Cantor Fitzgerald
VICI Properties Price Performance
Shares of NYSE:VICI opened at $24.80 on Friday. The stock has a market cap of $27.30 billion, a PE ratio of 11.38, a PEG ratio of 1.98 and a beta of 0.64. The company’s fifty day moving average is $24.02 and its 200 day moving average is $26.87. VICI Properties Inc. has a 52 week low of $22.42 and a 52 week high of $30.83. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.57.
VICI Properties (NYSE:VICI – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.41). VICI Properties had a return on equity of 8.10% and a net margin of 56.46%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts anticipate that VICI Properties Inc. will post 2.47 earnings per share for the current year.
VICI Properties Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were paid a $0.46 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.4%. VICI Properties’s dividend payout ratio is presently 84.40%.
Analysts Set New Price Targets
VICI has been the subject of several research analyst reports. Scotiabank dropped their price target on VICI Properties from $29.00 to $26.00 and set a “sector perform” rating for the company in a research note on Thursday, September 24th. Cantor Fitzgerald reduced their price objective on VICI Properties from $32.00 to $29.00 and set an “overweight” rating on the stock in a research report on Wednesday. Raymond James Financial set a $29.00 price objective on VICI Properties in a report on Thursday, August 13th. JPMorgan Chase & Co. downgraded VICI Properties from an “overweight” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Thursday, September 24th. Finally, Robert W. Baird set a $32.00 target price on VICI Properties in a research report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.46.
Check Out Our Latest Analysis on VICI Properties
VICI Properties Profile
VICI Properties Inc is a real estate investment trust that owns experiential properties, with a portfolio focused primarily on casinos and other gaming-related destinations. Its properties include gaming facilities, hotels, restaurants and entertainment venues.
The company leases its properties to operators under long-term agreements, generally structured as triple-net leases, in which tenants are responsible for expenses such as property taxes, insurance and maintenance. VICI also owns golf courses and other leisure-related properties.
VICI was established in 2017 as part of Caesars Entertainment’s restructuring and became an independent, publicly traded company in 2018.
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