Atria Wealth Solutions Inc. Grows Holdings in VICI Properties Inc. (NYSE:VICI)

Atria Wealth Solutions Inc. boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 145.9% in the fourth quarter, HoldingsChannel reports. The fund owned 40,722 shares of the company’s stock after acquiring an additional 24,159 shares during the period. Atria Wealth Solutions Inc.’s holdings in VICI Properties were worth $1,189,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of VICI. Venturi Wealth Management LLC increased its stake in shares of VICI Properties by 64.1% during 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 in the last quarter. Continuum Advisory LLC grew its stake in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares during the last quarter. Quent Capital LLC increased its position in VICI Properties by 27.1% during the 4th quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock valued at $64,000 after buying an additional 468 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of VICI Properties in the third quarter worth $67,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 1.6 %

VICI Properties stock opened at $31.25 on Monday. The stock has a market cap of $32.95 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a fifty day moving average of $29.59 and a 200 day moving average of $31.43. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.

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

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.54%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio is presently 67.58%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VICI shares. Mizuho lowered their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Stifel Nicolaus upped their price objective on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday. Truist Financial reduced their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Barclays dropped their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.20.

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.