AlphaQuest LLC Buys 77,287 Shares of VICI Properties Inc. $VICI

AlphaQuest LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 29,055.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,553 shares of the company’s stock after purchasing an additional 77,287 shares during the period. AlphaQuest LLC’s holdings in VICI Properties were worth $2,529,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of VICI Properties by 1.2% in the second quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock valued at $5,086,097,000 after buying an additional 1,849,545 shares during the period. State Street Corp increased its holdings in VICI Properties by 2.1% in the 2nd quarter. State Street Corp now owns 59,694,662 shares of the company’s stock worth $1,970,935,000 after acquiring an additional 1,204,476 shares during the last quarter. Geode Capital Management LLC increased its holdings in VICI Properties by 7.1% in the 2nd quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock worth $1,144,400,000 after acquiring an additional 2,281,688 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in VICI Properties by 7.5% during the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock valued at $816,617,000 after purchasing an additional 1,755,385 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in VICI Properties by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock worth $711,043,000 after purchasing an additional 2,326,747 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 0.1%

VICI opened at $28.07 on Friday. The firm has a market capitalization of $30.00 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 2.80 and a beta of 0.70. VICI Properties Inc. has a one year low of $27.48 and a one year high of $34.03. The company has a fifty day moving average price of $28.22 and a 200-day moving average price of $30.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the company earned $0.57 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts expect 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 was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 6.4%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VICI shares. Mizuho lowered their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Evercore ISI reaffirmed an “in-line” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Wells Fargo & Company reiterated an “equal weight” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Finally, Scotiabank cut VICI Properties from a “sector outperform” rating to a “sector perform” rating and set a $30.00 price objective on the stock. in a report on Friday. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $33.85.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.