66,523 Shares in VICI Properties Inc. (NYSE:VICI) Bought by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 66,523 shares of the company's stock, valued at approximately $2,170,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VICI. Capital Research Global Investors raised its holdings in VICI Properties by 1.8% in the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock worth $1,592,283,000 after purchasing an additional 984,421 shares during the period. Geode Capital Management LLC increased its holdings in VICI Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock worth $860,107,000 after acquiring an additional 1,036,344 shares in the last quarter. Capital World Investors raised its stake in VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock worth $827,160,000 after acquiring an additional 2,903,744 shares during the period. Norges Bank purchased a new position in VICI Properties during the fourth quarter valued at approximately $419,932,000. Finally, Invesco Ltd. lifted its holdings in VICI Properties by 5.4% during the fourth quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock valued at $391,824,000 after purchasing an additional 692,092 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Price Performance

NYSE:VICI traded down $0.53 during trading hours on Tuesday, reaching $33.07. The stock had a trading volume of 5,136,748 shares, compared to its average volume of 5,907,358. The stock has a market capitalization of $34.95 billion, a PE ratio of 13.23, a PEG ratio of 3.83 and a beta of 0.70. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.29. The company has a 50 day moving average price of $32.15 and a two-hundred day moving average price of $31.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. VICI Properties's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 earnings per share. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio is 69.20%.

Wall Street Analyst Weigh In

VICI has been the topic of several recent analyst reports. Mizuho raised their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Morgan Stanley raised their price target on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Robert W. Baird upped their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Truist Financial lifted their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus upped their price target on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.38.

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.