Wilsey Asset Management Inc. Increases Stock Position in VICI Properties Inc. (NYSE:VICI)

Wilsey Asset Management Inc. grew its stake in VICI Properties Inc. (NYSE:VICI) by 3.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 940,416 shares of the company’s stock after acquiring an additional 30,095 shares during the period. VICI Properties accounts for about 5.1% of Wilsey Asset Management Inc.’s investment portfolio, making the stock its 11th biggest position. Wilsey Asset Management Inc.’s holdings in VICI Properties were worth $27,470,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Kestra Private Wealth Services LLC lifted its stake in VICI Properties by 67.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 33,395 shares of the company’s stock worth $975,000 after acquiring an additional 13,491 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of VICI Properties by 57.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 5,876 shares of the company’s stock worth $172,000 after purchasing an additional 2,138 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in shares of VICI Properties by 30.0% in the fourth quarter. Apollon Wealth Management LLC now owns 14,890 shares of the company’s stock valued at $435,000 after purchasing an additional 3,438 shares during the period. Lecap Asset Management Ltd. grew its holdings in shares of VICI Properties by 38.9% in the fourth quarter. Lecap Asset Management Ltd. now owns 100,608 shares of the company’s stock valued at $2,939,000 after purchasing an additional 28,158 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in VICI Properties by 7.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 331,341 shares of the company’s stock worth $9,678,000 after buying an additional 24,317 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI stock opened at $30.12 on Monday. The business has a 50 day moving average price of $29.83 and a 200 day moving average price of $31.49. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market cap of $31.76 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 3.80 and a beta of 0.95. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.74%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is 64.07%.

Analyst Upgrades and Downgrades

VICI has been the subject of several research reports. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Barclays lowered their target price on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Mizuho reduced their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.22.

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.