Total Wealth Planning & Management Inc. Buys New Position in VICI Properties Inc. (NYSE:VICI)

Total Wealth Planning & Management Inc. acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,536 shares of the company's stock, valued at approximately $395,000.

Several other large investors have also recently made changes to their positions in VICI. Norges Bank acquired a new position in shares of VICI Properties in the 4th quarter valued at $419,932,000. Northern Trust Corp grew its holdings in shares of VICI Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after purchasing an additional 3,298,314 shares during the period. Mackenzie Financial Corp grew its holdings in shares of VICI Properties by 2,437.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock valued at $98,982,000 after purchasing an additional 3,255,078 shares during the period. Capital World Investors boosted its stake in VICI Properties by 11.4% during the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company's stock worth $827,160,000 after buying an additional 2,903,744 shares during the period. Finally, Man Group plc boosted its stake in VICI Properties by 65.0% during the fourth quarter. Man Group plc now owns 4,353,981 shares of the company's stock worth $127,180,000 after buying an additional 1,715,194 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Up 0.2%

VICI stock traded up $0.05 during midday trading on Friday, reaching $31.72. 10,946,850 shares of the company were exchanged, compared to its average volume of 5,995,169. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year high of $34.29. The stock's 50-day simple moving average is $31.64 and its 200 day simple moving average is $31.06. The company has a market cap of $33.52 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. The business had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. On average, equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have weighed in on VICI. Robert W. Baird increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. 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. Stifel Nicolaus raised their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research note on Thursday, May 1st. Barclays raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Finally, Truist Financial raised their price objective 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. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.