Napa Wealth Management Grows Position in VICI Properties Inc. (NYSE:VICI)

Napa Wealth Management increased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 26.3% in the third quarter, Holdings Channel reports. The firm owned 9,242 shares of the company’s stock after buying an additional 1,923 shares during the period. Napa Wealth Management’s holdings in VICI Properties were worth $308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Carmel Capital Partners LLC lifted its stake in VICI Properties by 1.0% during the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after purchasing an additional 367 shares in the last quarter. Montag A & Associates Inc. lifted its stake in VICI Properties by 3.3% during the 2nd quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock worth $357,000 after acquiring an additional 389 shares in the last quarter. MAS Advisors LLC boosted its holdings in VICI Properties by 2.8% during the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after acquiring an additional 398 shares during the period. Insight Folios Inc grew its position in VICI Properties by 2.5% in the 3rd quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock valued at $601,000 after acquiring an additional 433 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in VICI Properties by 23.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock worth $78,000 after purchasing an additional 442 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VICI. JMP Securities lifted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Evercore ISI increased their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 target price (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, Mizuho cut their price target on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Performance

Shares of VICI stock opened at $31.61 on Monday. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $33.32 billion, a P/E ratio of 11.73, a PEG ratio of 4.20 and a beta of 0.94. The firm has a fifty day moving average price of $32.58 and a 200 day moving average price of $30.91.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a $0.4325 dividend. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.47%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio is presently 64.07%.

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.