San Luis Wealth Advisors LLC Takes $411,000 Position in VICI Properties Inc. (NYSE:VICI)

San Luis Wealth Advisors LLC bought a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,586 shares of the company’s stock, valued at approximately $411,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VICI. Transce3nd LLC purchased a new position in shares of VICI Properties in the 4th quarter worth approximately $28,000. CoreCap Advisors LLC boosted its holdings in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC grew 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 valued at $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC purchased a new stake in VICI Properties during the fourth quarter worth about $33,000. Finally, Quarry LP grew its holdings in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after purchasing an additional 897 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VICI has been the topic of several research reports. Mizuho boosted their target price on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Stifel Nicolaus boosted their price objective on VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a research note on Thursday, May 1st. Truist Financial lifted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Barclays raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Finally, Robert W. Baird lifted their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.18.

VICI Properties Stock Up 0.1%

VICI opened at $32.16 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $31.80 and its 200-day moving average price is $31.04. The company has a market cap of $33.98 billion, a P/E ratio of 12.56, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $984.20 million during the quarter, compared to analysts’ expectations of $976.51 million. During the same quarter in the prior year, the company posted $0.56 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be issued a $0.4325 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.38%. VICI Properties’s dividend payout ratio (DPR) is presently 69.20%.

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.