Berkeley Capital Partners LLC Acquires 5,355 Shares of VICI Properties Inc. (NYSE:VICI)

Berkeley Capital Partners LLC raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,806 shares of the company’s stock after acquiring an additional 5,355 shares during the period. VICI Properties comprises approximately 0.7% of Berkeley Capital Partners LLC’s portfolio, making the stock its 21st biggest holding. Berkeley Capital Partners LLC’s holdings in VICI Properties were worth $2,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew 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 worth $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of VICI Properties in the fourth quarter worth approximately $33,000. Whipplewood Advisors LLC bought a new position in shares of VICI Properties in the fourth quarter worth approximately $40,000. Continuum Advisory LLC grew 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 worth $50,000 after purchasing an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC grew 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 worth $61,000 after purchasing an additional 494 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI Properties 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 firm has a market capitalization of $34.20 billion, a P/E ratio of 12.65, a P/E/G ratio of 3.88 and a beta of 0.94. The business has a fifty day simple moving average of $30.71 and a two-hundred day simple moving average of $31.45. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29.

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

VICI Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JMP Securities restated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Barclays lifted their price target 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. Wells Fargo & Company lifted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Mizuho cut their price target 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. Finally, Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

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.