SteelPeak Wealth LLC Purchases 35,523 Shares of VICI Properties Inc. (NYSE:VICI)

SteelPeak Wealth LLC grew its stake in shares of VICI Properties Inc. (NYSE:VICI) by 146.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 59,755 shares of the company’s stock after purchasing an additional 35,523 shares during the quarter. SteelPeak Wealth LLC’s holdings in VICI Properties were worth $1,803,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. HBC Financial Services PLLC purchased a new position in shares of VICI Properties in the fourth quarter valued at $31,000. Tucker Asset Management LLC grew its holdings in shares of VICI Properties by 1,888.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of VICI Properties by 455.3% in the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after purchasing an additional 938 shares in the last quarter. Quarry LP grew its holdings in shares of VICI Properties by 143.1% in the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after purchasing an additional 741 shares in the last quarter. Finally, Planned Solutions Inc. purchased a new position in VICI Properties during the fourth quarter worth $45,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI stock opened at $28.64 on Monday. The business has a 50-day moving average price of $28.75 and a 200 day moving average price of $29.56. The company has a market capitalization of $29.88 billion, a P/E ratio of 11.32, a PEG ratio of 2.34 and a beta of 0.92. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $33.40.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th will be issued a $0.415 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 5.80%. VICI Properties’s payout ratio is currently 65.61%.

Analyst Ratings Changes

Several research analysts have commented on VICI shares. Scotiabank lifted their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Wells Fargo & Company dropped their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research note on Friday, June 21st. Finally, Mizuho boosted their target price on shares of VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average target price of $33.50.

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.