VICI Properties Inc. (NYSE:VICI) Shares Bought by Naviter Wealth LLC

Naviter Wealth LLC raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 13.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,888 shares of the company’s stock after acquiring an additional 7,597 shares during the period. Naviter Wealth LLC’s holdings in VICI Properties were worth $1,929,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VICI. Allspring Global Investments Holdings LLC boosted its stake in shares of VICI Properties by 16.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,958,934 shares of the company’s stock worth $58,357,000 after buying an additional 275,101 shares during the last quarter. O ROURKE & COMPANY Inc grew its stake in shares of VICI Properties by 55.5% during the 1st quarter. O ROURKE & COMPANY Inc now owns 11,672 shares of the company’s stock worth $348,000 after purchasing an additional 4,166 shares during the period. SteelPeak Wealth LLC increased its holdings in shares of VICI Properties by 146.6% during the 1st quarter. SteelPeak Wealth LLC now owns 59,755 shares of the company’s stock valued at $1,803,000 after purchasing an additional 35,523 shares in the last quarter. Griffin Asset Management Inc. lifted its stake in shares of VICI Properties by 17.1% in the 1st quarter. Griffin Asset Management Inc. now owns 27,013 shares of the company’s stock valued at $805,000 after purchasing an additional 3,944 shares during the period. Finally, Register Financial Advisors LLC purchased a new stake in VICI Properties during the first quarter worth $95,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Trading Down 0.4 %

VICI stock traded down $0.11 during midday trading on Tuesday, reaching $27.79. The stock had a trading volume of 5,755,033 shares, compared to its average volume of 6,293,166. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $33.40. The company’s fifty day simple moving average is $28.73 and its 200 day simple moving average is $29.51. The company has a market cap of $28.99 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 2.34 and a beta of 0.92.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th will be given a dividend of $0.415 per share. The ex-dividend date is Tuesday, June 18th. This represents a $1.66 dividend on an annualized basis and a yield of 5.97%. VICI Properties’s payout ratio is presently 65.61%.

Analyst Ratings Changes

A number of research analysts have weighed in on VICI shares. Wells Fargo & Company decreased 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 report on Wednesday, March 6th. Mizuho increased their price target on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Morgan Stanley restated an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Finally, Scotiabank increased their target price on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.