58,696 Shares of VICI Properties Inc. $VICI Acquired by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) during the third quarter, HoldingsChannel reports. The fund acquired 58,696 shares of the company’s stock, valued at approximately $1,348,000. VICI Properties makes up approximately 5.1% of SMH Capital Advisors Inc.’s portfolio, making the stock its 4th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Greenleaf Trust boosted its stake in shares of VICI Properties by 34.8% during the 3rd quarter. Greenleaf Trust now owns 11,249 shares of the company’s stock worth $258,000 after acquiring an additional 2,903 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in VICI Properties during the third quarter worth $6,781,000. Aviance Capital Partners LLC raised its holdings in VICI Properties by 81.9% during the third quarter. Aviance Capital Partners LLC now owns 68,809 shares of the company’s stock worth $1,581,000 after purchasing an additional 30,979 shares during the last quarter. Profund Advisors LLC increased its position in shares of VICI Properties by 43.2% in the third quarter. Profund Advisors LLC now owns 20,471 shares of the company’s stock valued at $470,000 after buying an additional 6,174 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of VICI Properties by 2.7% in the third quarter. ProShare Advisors LLC now owns 271,083 shares of the company’s stock valued at $6,227,000 after buying an additional 7,084 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

VICI Properties stock opened at $24.98 on Tuesday. The firm has a market capitalization of $27.50 billion, a P/E ratio of 11.46 and a beta of 0.65. The stock has a fifty day moving average price of $24.12 and a 200 day moving average price of $26.95. VICI Properties Inc. has a 52 week low of $22.42 and a 52 week high of $30.83. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, October 28th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.41). VICI Properties had a return on equity of 8.14% and a net margin of 56.46%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company posted $0.60 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts anticipate that VICI Properties Inc. will post 2.47 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.4%. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s dividend payout ratio is currently 84.40%.

Analysts Set New Price Targets

Several equities research analysts recently commented on VICI shares. Mizuho decreased their price objective on shares of VICI Properties from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 2nd. Stifel Nicolaus dropped their target price on shares of VICI Properties from $34.00 to $30.75 and set a “buy” rating for the company in a report on Thursday. Wells Fargo & Company cut their target price on shares of VICI Properties from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, October 19th. Evercore set a $30.00 price target on shares of VICI Properties in a report on Monday, September 21st. Finally, Barclays reduced their price target on shares of VICI Properties from $31.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, October 20th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.61.

VICI Properties Company Profile

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company’s portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.