VICI Properties Inc. $VICI Shares Purchased by Wilsey Asset Management Inc.

Key Points

• Wilsey Asset Management increased its VICI Properties stake by 4.6% in the second quarter, acquiring 51,155 additional shares for a total holding of 1.15 million shares valued at approximately $30.6 million.
• VICI shares opened at $26.72, near the lower end of their 52-week range, while the company’s quarterly dividend implies a 6.7% yield and a 69.77% payout ratio.
• Analysts remain mixed, with six Buy ratings and seven Holds; the stock carries a consensus Hold rating and an average price target of $31.54.

Wilsey Asset Management Inc. increased its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,152,606 shares of the company's stock after acquiring an additional 51,155 shares during the quarter. VICI Properties makes up about 4.5% of Wilsey Asset Management Inc.'s portfolio, making the stock its 16th biggest holding. Wilsey Asset Management Inc. owned 0.11% of VICI Properties worth $30,602,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL increased its position in VICI Properties by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company's stock worth $1,301,000 after purchasing an additional 384 shares during the period. Corrado Advisors LLC raised its stake in shares of VICI Properties by 0.8% during the 1st quarter. Corrado Advisors LLC now owns 50,301 shares of the company's stock worth $1,374,000 after buying an additional 393 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of VICI Properties by 2.9% in the 4th quarter. Farther Finance Advisors LLC now owns 15,328 shares of the company's stock valued at $431,000 after buying an additional 434 shares during the period. Beacon Investment Advisors LLC lifted its holdings in shares of VICI Properties by 3.4% in the 4th quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company's stock valued at $393,000 after buying an additional 455 shares during the period. Finally, Rehmann Capital Advisory Group boosted its stake in shares of VICI Properties by 5.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company's stock valued at $244,000 after buying an additional 483 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI Properties stock opened at $26.72 on Friday. The firm has a market capitalization of $29.42 billion, a PE ratio of 10.36 and a beta of 0.65. VICI Properties Inc. has a 52 week low of $25.82 and a 52 week high of $33.92. The firm's 50-day simple moving average is $26.91 and its 200 day simple moving average is $27.99. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties's dividend payout ratio is 69.77%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VICI shares. Barclays cut their price objective on VICI Properties from $34.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Wells Fargo & Company lowered their price target on shares of VICI Properties from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of VICI Properties in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of VICI Properties in a report on Friday, July 31st. Finally, Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $31.54.

VICI Properties Company Profile

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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