Premier Path Wealth Partners LLC Raises Stock Position in VICI Properties Inc. (NYSE:VICI)

Premier Path Wealth Partners LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 11.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,356 shares of the company’s stock after acquiring an additional 1,269 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in VICI Properties were worth $403,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VICI. Principal Securities Inc. boosted its stake in shares of VICI Properties by 32.6% during the fourth quarter. Principal Securities Inc. now owns 32,197 shares of the company’s stock valued at $940,000 after purchasing an additional 7,912 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of VICI Properties by 19.5% in the 4th quarter. Allworth Financial LP now owns 4,614 shares of the company’s stock valued at $136,000 after buying an additional 754 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of VICI Properties by 2.9% in the 4th quarter. CIBC Asset Management Inc now owns 235,956 shares of the company’s stock valued at $6,892,000 after buying an additional 6,700 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of VICI Properties by 3.2% in the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after buying an additional 340 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $32.33 on Friday. The business has a 50-day moving average of $31.90 and a 200 day moving average of $31.05. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29. The stock has a market capitalization of $34.16 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 3.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. The company had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. VICI Properties’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 EPS. As a group, sell-side analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Robert W. Baird boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Wells Fargo & Company boosted their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Mizuho boosted their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Barclays boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Finally, Truist Financial increased their price target on VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $35.18.

VICI Properties 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.