Carret Asset Management LLC Raises Stake in VICI Properties Inc. (NYSE:VICI)

Carret Asset Management LLC grew its stake in shares of VICI Properties Inc. (NYSE:VICI) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,637 shares of the company’s stock after buying an additional 354 shares during the period. Carret Asset Management LLC’s holdings in VICI Properties were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of VICI. LBP AM SA lifted its stake in VICI Properties by 15.7% in the fourth quarter. LBP AM SA now owns 166,631 shares of the company’s stock worth $4,867,000 after acquiring an additional 22,569 shares during the period. Fore Capital LLC acquired a new stake in shares of VICI Properties during the 4th quarter worth approximately $2,775,000. Erste Asset Management GmbH grew its stake in VICI Properties by 157.5% in the 4th quarter. Erste Asset Management GmbH now owns 245,175 shares of the company’s stock valued at $7,099,000 after acquiring an additional 149,972 shares during the period. Achmea Investment Management B.V. grew its stake in VICI Properties by 147.2% in the 4th quarter. Achmea Investment Management B.V. now owns 26,968 shares of the company’s stock valued at $788,000 after acquiring an additional 16,060 shares during the period. Finally, Vestcor Inc boosted its stake in VICI Properties by 24.0% during the 4th quarter. Vestcor Inc now owns 59,062 shares of the company’s stock worth $1,725,000 after purchasing an additional 11,447 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI stock opened at $31.53 on Friday. The company’s 50-day moving average is $30.41 and its 200-day moving average is $31.48. The stock has a market capitalization of $33.30 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results 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). 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 during the quarter, compared to the consensus estimate of $969.29 million. Equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.49%. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Wall Street Analyst Weigh In

VICI has been the topic of several research analyst reports. Barclays boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Wells Fargo & Company raised their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday. Truist Financial lowered their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average 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.