VICI Properties Inc. (NYSE:VICI) Shares Acquired by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC lifted its position in shares of VICI Properties Inc. (NYSE:VICI) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,072 shares of the company’s stock after acquiring an additional 749 shares during the period. Pinion Investment Advisors LLC’s holdings in VICI Properties were worth $528,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VICI. Venturi Wealth Management LLC lifted 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 valued at $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC bought a new stake in shares of VICI Properties in the 4th quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new stake in shares of VICI Properties in the 4th quarter valued at $40,000. Continuum Advisory LLC increased its holdings in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its stake 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 buying an additional 494 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VICI. Mizuho reduced their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Barclays lowered their target price on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Stifel Nicolaus increased their price target on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 21st. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Finally, Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $32.67 on Tuesday. The stock has a market capitalization of $34.51 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The business’s 50 day simple moving average is $29.89 and its two-hundred day simple moving average is $31.47.

VICI Properties (NYSE:VICI) last posted 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 net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. Analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s payout ratio is 67.58%.

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.