Evoke Wealth LLC purchased a new stake in shares of VICI Properties Inc (NYSE:VICI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,824 shares of the company’s stock, valued at approximately $42,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Kohlberg Kravis Roberts & Co. L.P. grew its position in VICI Properties by 48.3% during the third quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 830,190 shares of the company’s stock valued at $18,804,000 after buying an additional 270,270 shares during the period. Metropolitan Life Insurance Co NY grew its position in VICI Properties by 14.9% during the third quarter. Metropolitan Life Insurance Co NY now owns 33,255 shares of the company’s stock valued at $753,000 after buying an additional 4,324 shares during the period. Millennium Management LLC grew its position in VICI Properties by 27,009.6% during the third quarter. Millennium Management LLC now owns 4,242,645 shares of the company’s stock valued at $96,095,000 after buying an additional 4,226,995 shares during the period. Chilton Capital Management LLC grew its position in VICI Properties by 7.5% during the third quarter. Chilton Capital Management LLC now owns 382,996 shares of the company’s stock valued at $8,675,000 after buying an additional 26,586 shares during the period. Finally, Apollo Management Holdings L.P. grew its position in VICI Properties by 0.5% during the third quarter. Apollo Management Holdings L.P. now owns 3,856,255 shares of the company’s stock valued at $87,344,000 after buying an additional 20,000 shares during the period.
Several equities analysts recently weighed in on VICI shares. Citigroup upgraded shares of VICI Properties from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $28.00 in a research report on Thursday, December 12th. Deutsche Bank set a $28.00 target price on shares of VICI Properties and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Zacks Investment Research upgraded shares of VICI Properties from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, December 11th. Ten equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $25.95.
Shares of NYSE:VICI opened at $25.24 on Monday. VICI Properties Inc has a twelve month low of $18.23 and a twelve month high of $25.54. The firm has a market capitalization of $11.54 billion, a PE ratio of 17.65, a P/E/G ratio of 1.89 and a beta of 0.84. The company has a quick ratio of 83.01, a current ratio of 83.01 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $24.71 and a two-hundred day moving average price of $22.89.
VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). VICI Properties had a return on equity of 7.84% and a net margin of 66.78%. The firm had revenue of $222.51 million during the quarter, compared to analysts’ expectations of $224.50 million. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. Analysts anticipate that VICI Properties Inc will post 1.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Friday, December 27th will be issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 4.71%. This is an increase from VICI Properties’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, December 26th. VICI Properties’s dividend payout ratio is presently 83.22%.
VICI Properties Profile
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties’ national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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