San Luis Wealth Advisors LLC Makes New $411,000 Investment in VICI Properties Inc. (NYSE:VICI)

San Luis Wealth Advisors LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,586 shares of the company's stock, valued at approximately $411,000.

Other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors raised its stake in VICI Properties by 1.8% in the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock worth $1,592,283,000 after buying an additional 984,421 shares in the last quarter. Geode Capital Management LLC increased its position in shares of VICI Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after acquiring an additional 1,036,344 shares in the last quarter. Capital World Investors lifted its holdings in shares of VICI Properties by 11.4% during the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after purchasing an additional 2,903,744 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of VICI Properties by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock valued at $706,962,000 after purchasing an additional 130,659 shares in the last quarter. Finally, Norges Bank bought a new position in shares of VICI Properties during the fourth quarter valued at $419,932,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

VICI traded up $0.01 during midday trading on Thursday, reaching $32.33. The company had a trading volume of 8,034,431 shares, compared to its average volume of 5,936,619. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $31.90 and a two-hundred day moving average of $31.05. The company has a market cap of $34.16 billion, a P/E ratio of 12.93, a P/E/G ratio of 3.00 and a beta of 0.70. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, hitting analysts' consensus estimates of $0.58. The business had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 earnings per share. As a group, equities research analysts predict 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 will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.35%. The ex-dividend date is Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of research analyst reports. Truist Financial upped their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Stifel Nicolaus upped their price target on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Wells Fargo & Company upped their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Mizuho upped their price target on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Finally, Robert W. Baird increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.18.

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.