Cinctive Capital Management LP Makes New Investment in VICI Properties Inc. (NYSE:VICI)

Cinctive Capital Management LP acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 77,244 shares of the company’s stock, valued at approximately $2,256,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atria Wealth Solutions Inc. raised its holdings in VICI Properties by 145.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock worth $1,189,000 after purchasing an additional 24,159 shares in the last quarter. Oxbow Advisors LLC purchased a new stake in VICI Properties in the fourth quarter valued at $3,817,000. CHURCHILL MANAGEMENT Corp boosted its stake in VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after acquiring an additional 8,834 shares in the last quarter. Border to Coast Pensions Partnership Ltd grew its holdings in shares of VICI Properties by 40.0% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after purchasing an additional 130,000 shares during the last quarter. Finally, Brookstone Capital Management acquired a new stake in shares of VICI Properties during the fourth quarter worth about $359,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $32.26 on Thursday. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The company has a 50-day moving average price of $31.29 and a 200 day moving average price of $31.34. The company has a market cap of $34.09 billion, a P/E ratio of 12.60, a PEG ratio of 3.88 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. Research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.36%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VICI. Barclays raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Mizuho cut their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Truist Financial reduced their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.23.

About VICI Properties

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.