26,864 Shares in VICI Properties Inc. $VICI Purchased by Western Wealth Management LLC

Western Wealth Management LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICIFree Report) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 26,864 shares of the company’s stock, valued at approximately $734,000.

Other large investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in shares of VICI Properties by 204.4% in the 1st quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after purchasing an additional 25,234 shares during the period. Woodline Partners LP grew its holdings in VICI Properties by 41.3% during the first quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock valued at $2,905,000 after purchasing an additional 26,017 shares during the period. Jump Financial LLC grew its holdings in VICI Properties by 45.0% during the second quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock valued at $867,000 after purchasing an additional 8,259 shares during the period. Treasurer of the State of North Carolina increased its position in VICI Properties by 96.0% in the second quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock worth $31,843,000 after buying an additional 478,538 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in VICI Properties by 1.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock worth $6,860,000 after buying an additional 2,775 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

VICI has been the topic of several research reports. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research note on Friday. Morgan Stanley decreased their price objective on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Wells Fargo & Company lowered their price objective on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Scotiabank dropped their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Finally, Robert W. Baird set a $32.00 target price on shares of VICI Properties in a research report on Thursday. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.54.

View Our Latest Research Report on VICI Properties

VICI Properties Trading Up 0.9%

Shares of VICI stock opened at $26.57 on Tuesday. The stock has a market capitalization of $29.26 billion, a price-to-earnings ratio of 10.30 and a beta of 0.65. The company’s fifty day simple moving average is $27.06 and its two-hundred day simple moving average is $28.04. VICI Properties Inc. has a 1 year low of $25.82 and a 1 year high of $34.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.8%. VICI Properties’s dividend payout ratio is 69.77%.

VICI Properties Company Profile

(Free Report)

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.

Further Reading

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

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