Cibc World Markets Corp Purchases 54,125 Shares of VICI Properties Inc. (NYSE:VICI)

Cibc World Markets Corp raised its position in VICI Properties Inc. (NYSE:VICI) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 472,752 shares of the company’s stock after buying an additional 54,125 shares during the quarter. Cibc World Markets Corp’s holdings in VICI Properties were worth $13,809,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its position in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC bought a new position in shares of VICI Properties during the fourth quarter worth approximately $33,000. Whipplewood Advisors LLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $40,000. Continuum Advisory LLC boosted its stake 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 valued at $50,000 after buying an additional 374 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares during the period. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VICI. Truist Financial cut their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Finally, Wells Fargo & Company boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $34.20.

VICI Properties Stock Up 0.7 %

Shares of VICI opened at $32.47 on Tuesday. The stock has a market capitalization of $34.30 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a fifty day moving average of $30.57 and a 200-day moving average of $31.45.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.57 EPS 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 firm had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s payout ratio is currently 67.58%.

VICI Properties 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.