Wealth Enhancement Advisory Services LLC Has $8.61 Million Position in VICI Properties Inc. (NYSE:VICI)

Wealth Enhancement Advisory Services LLC raised its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 11.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 264,037 shares of the company's stock after acquiring an additional 26,403 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in VICI Properties were worth $8,613,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Transce3nd LLC bought a new position in shares of VICI Properties in the 4th quarter worth $28,000. CoreCap Advisors LLC grew its position in shares of 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 buying an additional 1,000 shares during the period. Venturi Wealth Management LLC increased its stake in shares of VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after acquiring an additional 431 shares during the last quarter. Quarry LP raised its position in shares of VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after acquiring an additional 897 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in VICI Properties by 362.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after acquiring an additional 786 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on VICI. 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. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research report on Thursday, May 1st. Robert W. Baird raised their price objective on 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 boosted their target price on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Finally, Barclays increased their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.42.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $32.83 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53. The firm has a market cap of $34.69 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 2.99 and a beta of 0.70. The stock's 50-day moving average is $31.95 and its 200-day moving average is $31.06. VICI Properties Inc. has a one year low of $27.53 and a one year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $984.20 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS. Equities analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.4325 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.27%. VICI Properties's dividend payout ratio is 69.20%.

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.

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