Cinctive Capital Management LP Invests $2.26 Million in VICI Properties Inc. (NYSE:VICI)

Cinctive Capital Management LP bought a new stake in VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 77,244 shares of the company’s stock, valued at approximately $2,256,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Venturi Wealth Management LLC lifted its stake in shares of VICI Properties by 64.1% during the 4th 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 period. Kestra Investment Management LLC acquired a new position in VICI Properties during the fourth quarter valued at approximately $33,000. Whipplewood Advisors LLC purchased a new stake in VICI Properties during the fourth quarter worth approximately $40,000. Continuum Advisory LLC increased its position 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 acquiring an additional 374 shares in the last quarter. Finally, Cromwell Holdings LLC increased its position 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 acquiring an additional 494 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

VICI Properties stock opened at $32.26 on Thursday. The stock has a market cap of $34.09 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The stock has a 50 day moving average of $31.29 and a 200-day moving average of $31.34. 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 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties (NYSE:VICI) last released its 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 company had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. On average, analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio is presently 67.58%.

Analyst Ratings Changes

Several research firms recently weighed in on VICI. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wells Fargo & Company raised their target price on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Mizuho lowered their price objective 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.23.

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.