VICI Properties Inc. $VICI Shares Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 49.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,457,184 shares of the company’s stock after purchasing an additional 481,078 shares during the quarter. NewEdge Wealth LLC’s holdings in VICI Properties were worth $43,963,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dynamic Advisor Solutions LLC boosted its holdings in shares of VICI Properties by 3.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 10,404 shares of the company’s stock worth $339,000 after purchasing an additional 337 shares during the last quarter. Heritage Wealth Advisors lifted its position in VICI Properties by 18.9% during the second quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock worth $72,000 after buying an additional 350 shares in the last quarter. Bell Investment Advisors Inc boosted its stake in VICI Properties by 32.7% during the second quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock worth $46,000 after buying an additional 351 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in VICI Properties by 4.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 8,462 shares of the company’s stock valued at $276,000 after buying an additional 370 shares in the last quarter. Finally, World Investment Advisors increased its stake in shares of VICI Properties by 3.6% in the 3rd quarter. World Investment Advisors now owns 11,353 shares of the company’s stock worth $370,000 after acquiring an additional 397 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

NYSE:VICI opened at $29.73 on Thursday. VICI Properties Inc. has a fifty-two week low of $27.48 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The company has a 50 day moving average price of $28.40 and a 200 day moving average price of $30.34. The stock has a market capitalization of $31.77 billion, a P/E ratio of 11.35, a PEG ratio of 2.97 and a beta of 0.70.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. VICI Properties’s payout ratio is presently 68.70%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VICI. Cantor Fitzgerald set a $33.00 price objective on shares of VICI Properties in a report on Monday, January 5th. Evercore reissued an “in-line” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Mizuho decreased their price objective on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus target price 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.