Proficio Capital Partners LLC Invests $1.39 Million in VICI Properties Inc. (NYSE:VICI)

Proficio Capital Partners LLC purchased a new position in VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 47,545 shares of the company’s stock, valued at approximately $1,389,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Atria Investments Inc boosted its stake in shares of VICI Properties by 86.6% in the 4th quarter. Atria Investments Inc now owns 49,341 shares of the company’s stock worth $1,441,000 after buying an additional 22,897 shares during the last quarter. Assetmark Inc. boosted its stake in shares of VICI Properties by 1.4% in the 4th quarter. Assetmark Inc. now owns 2,016,695 shares of the company’s stock worth $58,908,000 after buying an additional 27,436 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in shares of VICI Properties by 37.1% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 58,281 shares of the company’s stock worth $1,691,000 after buying an additional 15,756 shares during the last quarter. Pinion Investment Advisors LLC boosted its stake in shares of VICI Properties by 4.3% in the 4th quarter. Pinion Investment Advisors LLC now owns 18,072 shares of the company’s stock worth $528,000 after buying an additional 749 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of VICI Properties by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company’s stock worth $356,635,000 after buying an additional 385,649 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Price Performance

NYSE:VICI opened at $32.00 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The business’s 50-day simple moving average is $30.77 and its two-hundred day simple moving average is $31.46. The stock has a market cap of $33.80 billion, a PE ratio of 12.50, a P/E/G ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The business had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be issued a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.41%. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VICI. Stifel Nicolaus lifted their target price on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Truist Financial lowered their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Barclays lifted their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Mizuho lowered their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Finally, JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $34.20.

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.