Peak Retirement Planning Inc. Purchases Shares of 25,840 VICI Properties Inc. (NYSE:VICI)

Peak Retirement Planning Inc. acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,840 shares of the company's stock, valued at approximately $755,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Transce3nd LLC purchased a new position in VICI Properties during the fourth quarter worth about $28,000. CoreCap Advisors LLC increased its position in VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares during the period. Venturi Wealth Management LLC raised its stake in shares of VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after buying an additional 431 shares in the last quarter. Quarry LP raised its stake in shares of VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after buying an additional 897 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of VICI Properties in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Trading Up 0.9%

NYSE:VICI traded up $0.28 on Tuesday, reaching $31.75. The stock had a trading volume of 5,866,076 shares, compared to its average volume of 6,005,192. The company has a market cap of $33.55 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 3.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The firm's fifty day moving average is $31.65 and its two-hundred day moving average is $31.05. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. The company's revenue was up 3.4% on a year-over-year basis. Equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.45%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is 69.20%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on VICI shares. Wells Fargo & Company increased their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Truist Financial increased their price target on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Mizuho boosted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Finally, Stifel Nicolaus upped their target price on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $35.18.

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.