New York Life Investment Management LLC Buys 2,010 Shares of VICI Properties Inc. (NYSE:VICI)

New York Life Investment Management LLC increased its stake in VICI Properties Inc. (NYSE:VICI) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,192 shares of the company’s stock after buying an additional 2,010 shares during the quarter. New York Life Investment Management LLC’s holdings in VICI Properties were worth $4,124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Atria Wealth Solutions Inc. grew its position in shares of VICI Properties by 145.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock valued at $1,189,000 after acquiring an additional 24,159 shares during the period. Oxbow Advisors LLC bought a new position in VICI Properties during the fourth quarter worth about $3,817,000. CHURCHILL MANAGEMENT Corp increased its position in VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after buying an additional 8,834 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in VICI Properties by 8.0% in the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after buying an additional 40,733 shares during the period. Finally, Border to Coast Pensions Partnership Ltd lifted its position in shares of VICI Properties by 40.0% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock valued at $13,282,000 after buying an additional 130,000 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Performance

NYSE VICI opened at $32.51 on Friday. The firm’s 50 day simple moving average is $29.89 and its 200 day simple moving average is $31.47. The firm has a market capitalization of $34.34 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 3.88 and a beta of 0.95. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) 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 net margin of 69.59% and a return on equity of 10.24%. As a group, research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.32%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Analyst Ratings Changes

A number of equities analysts have commented on VICI shares. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Barclays reduced their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Finally, Mizuho reduced their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.