SteelPeak Wealth LLC Has $3.55 Million Position in VICI Properties Inc. (NYSE:VICI)

SteelPeak Wealth LLC lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 21.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,323 shares of the company’s stock after buying an additional 18,756 shares during the period. SteelPeak Wealth LLC’s holdings in VICI Properties were worth $3,554,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in VICI Properties by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after buying an additional 6,755,553 shares during the period. Capital International Investors boosted its position in VICI Properties by 7.5% during the first quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock valued at $2,013,804,000 after purchasing an additional 4,728,903 shares during the last quarter. Daiwa Securities Group Inc. increased its position in VICI Properties by 37.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock worth $337,029,000 after purchasing an additional 3,109,028 shares during the last quarter. Capital Research Global Investors raised its stake in shares of VICI Properties by 8.7% during the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock worth $1,117,978,000 after purchasing an additional 3,001,793 shares in the last quarter. Finally, Boston Partners grew its position in VICI Properties by 35.8% in the first quarter. Boston Partners now owns 8,631,164 shares of the company’s stock worth $257,094,000 after acquiring an additional 2,275,381 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

VICI has been the subject of several recent analyst reports. Evercore ISI upped their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

VICI Properties Stock Up 0.8 %

Shares of NYSE VICI traded up $0.27 during mid-day trading on Wednesday, reaching $32.56. 1,078,572 shares of the company’s stock were exchanged, compared to its average volume of 5,693,273. The firm has a market capitalization of $33.97 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 5.04 and a beta of 0.93. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $33.01 and a 200 day simple moving average of $30.61. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.31%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is currently 68.38%.

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.