VICI Properties Inc. (NYSE:VICI) Shares Bought by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC grew its position in VICI Properties Inc. (NYSE:VICI) by 7.8% during the 4th quarter, Holdings Channel reports. The fund owned 14,325 shares of the company’s stock after buying an additional 1,039 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in VICI Properties were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in VICI. Atria Wealth Solutions Inc. grew its position in VICI Properties by 145.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock worth $1,189,000 after buying an additional 24,159 shares during the period. Oxbow Advisors LLC acquired a new stake in shares of VICI Properties in the 4th quarter worth approximately $3,817,000. CHURCHILL MANAGEMENT Corp increased its stake in VICI Properties by 2.9% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after purchasing an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in VICI Properties by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after purchasing an additional 40,733 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd boosted its position in VICI Properties by 40.0% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after purchasing an additional 130,000 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VICI shares. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Mizuho reduced their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Truist Financial reduced their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $34.20.

VICI Properties Trading Up 1.4 %

VICI Properties stock opened at $31.98 on Tuesday. The firm has a 50-day moving average price of $30.90 and a two-hundred day moving average price of $31.40. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The firm has a market capitalization of $33.79 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.88 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. Sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a $0.4325 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.41%. VICI Properties’s dividend payout ratio is presently 67.58%.

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.