Xponance Inc. Grows Stock Position in VICI Properties Inc. (NYSE:VICI)

Xponance Inc. lifted its stake in VICI Properties Inc. (NYSE:VICI) by 31.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 204,310 shares of the company’s stock after purchasing an additional 49,372 shares during the quarter. Xponance Inc.’s holdings in VICI Properties were worth $5,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VICI. Venturi Wealth Management LLC increased 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 valued at $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $40,000. Continuum Advisory LLC increased its holdings in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC increased its holdings in shares of VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock valued at $61,000 after purchasing an additional 494 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VICI. Wells Fargo & Company raised their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Mizuho reduced 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. 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. Finally, JMP Securities restated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.20.

VICI Properties Price Performance

VICI stock opened at $32.38 on Thursday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $34.20 billion, a PE ratio of 12.65, a P/E/G ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The business’s fifty day moving average price is $30.71 and its 200 day moving average price is $31.45.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.34%. VICI Properties’s payout ratio is 67.58%.

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.