Naviter Wealth LLC Has $2.04 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Naviter Wealth LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICIFree Report) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,019 shares of the company’s stock after buying an additional 1,770 shares during the period. Naviter Wealth LLC’s holdings in VICI Properties were worth $2,044,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Transce3nd LLC acquired a new stake in VICI Properties in the fourth quarter valued at $28,000. CoreCap Advisors LLC increased its holdings in VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares during the period. Quarry LP increased its holdings in VICI Properties by 404.1% in 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. AdvisorNet Financial Inc increased its holdings in VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company’s stock valued at $33,000 after purchasing an additional 786 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in VICI Properties in the fourth quarter valued at $40,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VICI has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Truist Financial upped their price target on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Stifel Nicolaus upped their price target on shares of VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a research report on Thursday, May 1st. Wells Fargo & Company upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Finally, Mizuho upped their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.42.

Read Our Latest Analysis on VICI

VICI Properties Stock Performance

Shares of VICI opened at $32.31 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a 50-day moving average of $31.96 and a 200-day moving average of $31.09. The company has a market cap of $34.15 billion, a PE ratio of 12.93, a P/E/G ratio of 2.99 and a beta of 0.70. VICI Properties Inc. has a one year low of $27.53 and a one year high of $34.29.

VICI Properties (NYSE:VICIGet Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.56 EPS. On average, equities research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.4325 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.35%. VICI Properties’s dividend payout ratio (DPR) is currently 69.20%.

VICI Properties Company Profile

(Free Report)

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.

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

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