Bogart Wealth LLC Acquires 73,025 Shares of VICI Properties Inc. $VICI

Key Points

• Bogart Wealth increased its VICI Properties stake by 27.5% in the second quarter, acquiring 73,025 shares and bringing its holdings to 338,244 shares worth approximately $8.98 million.
• Institutional ownership remains very high at 97.71%, with several other funds—including North Carolina’s state treasurer, which nearly doubled its position—also adding shares.
• Analysts maintain a consensus “Hold” rating with an average price target of $31.29, while VICI shares recently traded at $26.34. The REIT pays a $0.45 quarterly dividend, equivalent to a 6.8% annualized yield.

Bogart Wealth LLC boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 27.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 338,244 shares of the company's stock after acquiring an additional 73,025 shares during the period. Bogart Wealth LLC's holdings in VICI Properties were worth $8,980,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of VICI. NewEdge Advisors LLC increased its holdings in shares of VICI Properties by 204.4% in the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company's stock valued at $1,226,000 after purchasing an additional 25,234 shares during the last quarter. Woodline Partners LP boosted its stake in shares of VICI Properties by 41.3% in the first quarter. Woodline Partners LP now owns 89,062 shares of the company's stock valued at $2,905,000 after buying an additional 26,017 shares during the period. Jump Financial LLC increased its stake in VICI Properties by 45.0% in the second quarter. Jump Financial LLC now owns 26,597 shares of the company's stock valued at $867,000 after acquiring an additional 8,259 shares during the last quarter. Treasurer of the State of North Carolina raised its position in VICI Properties by 96.0% during the second quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company's stock valued at $31,843,000 after purchasing an additional 478,538 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in VICI Properties by 1.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company's stock worth $6,860,000 after purchasing an additional 2,775 shares during the last quarter. Institutional investors own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VICI shares. Scotiabank decreased their price target on VICI Properties from $32.00 to $29.00 and set a "sector perform" rating on the stock in a research note on Thursday, June 18th. Royal Bank Of Canada began coverage on VICI Properties in a research report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price objective for the company. Raymond James Financial set a $29.00 price objective on VICI Properties in a research note on Thursday. Cantor Fitzgerald decreased their target price on VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Morgan Stanley decreased their price target on shares of VICI Properties from $38.00 to $31.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $31.29.

VICI Properties Price Performance

Shares of VICI opened at $26.34 on Friday. VICI Properties Inc. has a 12-month low of $25.82 and a 12-month high of $33.92. The business has a 50-day simple moving average of $26.80 and a two-hundred day simple moving average of $27.92. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock has a market cap of $29.00 billion, a PE ratio of 10.21 and a beta of 0.65.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.8%. VICI Properties's dividend payout ratio (DPR) is currently 69.77%.

About VICI Properties

VICI Properties NYSE: VICI is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company's portfolio is concentrated in major U.S.

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