Truist Financial Corp Buys 12,668 Shares of VICI Properties Inc. (NYSE:VICI)

Truist Financial Corp grew its stake in shares of VICI Properties Inc. (NYSE:VICI) by 15.5% during the third quarter, HoldingsChannel.com reports. The fund owned 94,364 shares of the company’s stock after buying an additional 12,668 shares during the quarter. Truist Financial Corp’s holdings in VICI Properties were worth $2,681,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Blueprint LLC purchased a new stake in shares of VICI Properties during the 2nd quarter valued at about $27,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of VICI Properties during the 3rd quarter valued at about $26,000. Berman Capital Advisors LLC boosted its holdings in shares of VICI Properties by 347.4% during the 2nd quarter. Berman Capital Advisors LLC now owns 1,387 shares of the company’s stock valued at $43,000 after acquiring an additional 1,077 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of VICI Properties during the 2nd quarter valued at about $42,000. Finally, Huntington National Bank boosted its holdings in shares of VICI Properties by 35.1% during the 3rd quarter. Huntington National Bank now owns 1,718 shares of the company’s stock valued at $49,000 after acquiring an additional 446 shares during the last quarter.

A number of analysts have recently issued reports on VICI shares. Citigroup started coverage on shares of VICI Properties in a report on Tuesday, December 7th. They set a “buy” rating and a $35.00 price target on the stock. Truist dropped their price objective on shares of VICI Properties from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday. Robert W. Baird reaffirmed a “buy” rating on shares of VICI Properties in a report on Tuesday, October 5th. Morgan Stanley began coverage on shares of VICI Properties in a research note on Wednesday, December 15th. They set an “equal weight” rating and a $32.00 price target on the stock. Finally, Truist Securities cut their price objective on shares of VICI Properties from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, VICI Properties currently has an average rating of “Buy” and a consensus target price of $35.68.

In other VICI Properties news, COO John W. R. Payne purchased 8,830 shares of the stock in a transaction that occurred on Wednesday, November 24th. The shares were bought at an average cost of $28.40 per share, with a total value of $250,772.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Samantha Sacks Gallagher purchased 3,400 shares of the stock in a transaction that occurred on Thursday, November 4th. The stock was acquired at an average cost of $29.25 per share, for a total transaction of $99,450.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 16,718 shares of company stock worth $477,311. 0.22% of the stock is owned by insiders.

Shares of NYSE:VICI opened at $28.54 on Friday. The stock has a 50 day moving average of $28.60 and a 200 day moving average of $29.71. The company has a market cap of $17.95 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. The company has a current ratio of 14.85, a quick ratio of 14.85 and a debt-to-equity ratio of 12.48. VICI Properties Inc. has a 12-month low of $24.74 and a 12-month high of $33.35.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, October 27th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.17). VICI Properties had a net margin of 68.05% and a return on equity of 13.98%. The company had revenue of $375.70 million for the quarter, compared to the consensus estimate of $375.42 million. During the same quarter last year, the firm posted $0.43 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that VICI Properties Inc. will post 1.8 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 6th. Investors of record on Thursday, December 23rd were issued a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, December 22nd. This represents a $1.44 dividend on an annualized basis and a yield of 5.05%. VICI Properties’s dividend payout ratio is presently 77.84%.

VICI Properties Company Profile

VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.

Further Reading: How are institutional investors different from individual investors?

Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI).

Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

Receive News & Ratings for VICI Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VICI Properties and related companies with MarketBeat.com's FREE daily email newsletter.