Fore Capital LLC Acquires Shares of 95,000 VICI Properties Inc. (NYSE:VICI)

Fore Capital LLC bought a new stake in VICI Properties Inc. (NYSE:VICI) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 95,000 shares of the company’s stock, valued at approximately $2,775,000. VICI Properties accounts for about 1.1% of Fore Capital LLC’s portfolio, making the stock its 18th biggest holding.

Several other hedge funds also recently bought and sold shares of VICI. D.A. Davidson & CO. grew its stake in shares of VICI Properties by 3.2% during the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after buying an additional 340 shares during the period. Sheaff Brock Investment Advisors LLC raised its holdings in shares of VICI Properties by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock worth $1,206,000 after purchasing an additional 372 shares during the period. Continuum Advisory LLC grew its stake in VICI Properties by 30.5% during 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. V Square Quantitative Management LLC boosted its position in shares of VICI Properties by 3.3% during the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after buying an additional 391 shares during the period. Finally, Avantax Advisory Services Inc. lifted its stake in shares of VICI Properties by 0.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company’s stock worth $2,042,000 after acquiring an additional 408 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $32.03 on Thursday. 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 stock has a market capitalization of $33.83 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company’s 50 day simple moving average is $30.35 and its 200 day simple moving average is $31.48.

VICI Properties (NYSE:VICI) last announced 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). 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 analyst estimates of $969.29 million. As a group, research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced 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 5.40%. VICI Properties’s payout ratio is presently 67.58%.

Analysts Set New Price Targets

VICI has been the subject of a number of recent analyst reports. Barclays raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Truist Financial decreased their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company lifted their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, VICI Properties 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.