Spire Wealth Management Has $303,000 Stock Position in VICI Properties Inc. (NYSE:VICI)

Spire Wealth Management grew its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 2,602.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,295 shares of the company's stock after buying an additional 8,951 shares during the period. Spire Wealth Management's holdings in VICI Properties were worth $303,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. DigitalBridge Group Inc. bought a new stake in VICI Properties in the fourth quarter valued at $4,282,000. Atria Investments Inc lifted its position in shares of VICI Properties by 86.6% during the fourth quarter. Atria Investments Inc now owns 49,341 shares of the company's stock worth $1,441,000 after purchasing an additional 22,897 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of VICI Properties by 20.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,058,388 shares of the company's stock valued at $30,916,000 after purchasing an additional 180,961 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $2,773,000. Finally, Capital Investment Advisors LLC increased its holdings in shares of VICI Properties by 6.3% in the first quarter. Capital Investment Advisors LLC now owns 360,465 shares of the company's stock valued at $11,758,000 after purchasing an additional 21,398 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Barclays upped their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Mizuho boosted their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Truist Financial upped their target price on shares of 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 lifted their price target 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, VICI Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.42.

VICI Properties Stock Performance

VICI opened at $32.31 on Monday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year high of $34.29. The company has a market cap of $34.15 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 2.99 and a beta of 0.70. The company's fifty day moving average price is $31.96 and its two-hundred day moving average price is $31.09.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results 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 67.81% and a return on equity of 9.88%. The firm had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. During the same period in the prior year, the firm earned $0.56 EPS. The company's revenue was up 3.4% compared to the same quarter last year. On average, analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.4325 per share. The ex-dividend date is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.35%. VICI Properties's dividend payout ratio is currently 69.20%.

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.

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