VICI Properties Inc. (NYSE:VICI) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in VICI Properties Inc. (NYSE:VICI) by 1.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,361 shares of the company’s stock after buying an additional 725 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in VICI Properties were worth $1,917,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of VICI. Cohen & Steers Inc. grew its stake in shares of VICI Properties by 132.0% in the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock valued at $1,108,993,000 after buying an additional 19,788,229 shares in the last quarter. Norges Bank purchased a new position in VICI Properties in the fourth quarter valued at about $460,431,000. Capital International Investors boosted its holdings in VICI Properties by 17.4% in the fourth quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock valued at $2,004,648,000 after purchasing an additional 9,317,582 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in VICI Properties by 50.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock valued at $261,558,000 after purchasing an additional 2,736,096 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in VICI Properties by 248.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,480,668 shares of the company’s stock valued at $79,084,000 after purchasing an additional 1,769,700 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VICI. Scotiabank increased their price target on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Mizuho increased their price target on VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a report on Friday, June 21st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.50.

VICI Properties Trading Down 0.1 %

Shares of NYSE VICI opened at $27.75 on Friday. The company has a market cap of $28.95 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $33.40. The stock’s 50 day simple moving average is $28.70 and its 200 day simple moving average is $29.48.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend was Tuesday, June 18th. VICI Properties’s dividend payout ratio (DPR) is 65.61%.

About VICI Properties

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.