Wedbush Securities Inc. Buys 23,699 Shares of VICI Properties Inc. $VICI

Wedbush Securities Inc. bought a new position in VICI Properties Inc. (NYSE:VICI – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 23,699 shares of the company’s stock, valued at approximately $544,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. XXI Wealth LLC grew its position in shares of VICI Properties by 19.9% in the third quarter. XXI Wealth LLC now owns 34,348 shares of the company’s stock valued at $789,000 after purchasing an additional 5,707 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of VICI Properties by 2.9% in the third quarter. Yousif Capital Management LLC now owns 180,304 shares of the company’s stock worth $4,142,000 after purchasing an additional 5,063 shares during the period. NovaPoint Capital LLC increased its stake in shares of VICI Properties by 7.0% in the third quarter. NovaPoint Capital LLC now owns 13,490 shares of the company’s stock worth $310,000 after purchasing an additional 881 shares during the period. MBL Wealth LLC acquired a new position in shares of VICI Properties during the 3rd quarter worth about $381,000. Finally, Brookstone Capital Management lifted its position in shares of VICI Properties by 15.3% during the 3rd quarter. Brookstone Capital Management now owns 14,059 shares of the company’s stock worth $323,000 after purchasing an additional 1,861 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $23.72 on Wednesday. The firm has a fifty day moving average price of $24.28 and a two-hundred day moving average price of $27.01. VICI Properties Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $30.88.

VICI Properties (NYSE:VICI – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts expect that VICI Properties Inc. will post 2.47 EPS for the current fiscal 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 given a dividend of $0.46 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Thursday, September 17th.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VICI shares. Cantor Fitzgerald decreased their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Raymond James Financial set a $29.00 target price on VICI Properties in a report on Thursday, August 13th. Citizens Jmp dropped their price target on VICI Properties from $35.00 to $31.00 and set a “market outperform” rating on the stock in a research report on Friday, October 2nd. JPMorgan Chase & Co. lowered VICI Properties from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Thursday, September 24th. Finally, Wells Fargo & Company cut their price target on VICI Properties from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $29.81.

Read Our Latest Stock Analysis on VICI Properties

VICI Properties Profile

(Free Report)

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.

Further Reading

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

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