West Paces Advisors Inc. Purchases New Holdings in VICI Properties Inc. (NYSE:VICI)

West Paces Advisors Inc. purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 4,275 shares of the company’s stock, valued at approximately $139,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC boosted its holdings in VICI Properties by 30.0% during the fourth quarter. Apollon Wealth Management LLC now owns 14,890 shares of the company’s stock valued at $435,000 after purchasing an additional 3,438 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of VICI Properties by 57.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 5,876 shares of the company’s stock worth $172,000 after acquiring an additional 2,138 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of VICI Properties by 67.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 33,395 shares of the company’s stock worth $975,000 after acquiring an additional 13,491 shares in the last quarter. Wilsey Asset Management Inc. boosted its holdings in shares of VICI Properties by 3.3% in the 4th quarter. Wilsey Asset Management Inc. now owns 940,416 shares of the company’s stock worth $27,470,000 after acquiring an additional 30,095 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of VICI Properties by 14.3% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 20,670 shares of the company’s stock worth $604,000 after acquiring an additional 2,581 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on VICI. Robert W. Baird boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Truist Financial boosted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Barclays boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.18.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $32.04 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29. The firm has a fifty day moving average of $31.58 and a two-hundred day moving average of $31.04. The stock has a market capitalization of $33.86 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The business had revenue of $984.20 million during the quarter, compared to analysts’ expectations of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. As a group, equities research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Wednesday, June 18th. 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.