Wealth Enhancement Advisory Services LLC Has $6.94 Million Stake in VICI Properties Inc. (NYSE:VICI)

Wealth Enhancement Advisory Services LLC grew its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 141.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,634 shares of the company's stock after purchasing an additional 139,040 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in VICI Properties were worth $6,941,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of VICI. Kingswood Wealth Advisors LLC acquired a new stake in shares of VICI Properties in the 4th quarter worth approximately $233,000. Blue Trust Inc. grew its holdings in VICI Properties by 48.1% in the fourth quarter. Blue Trust Inc. now owns 5,221 shares of the company's stock valued at $153,000 after purchasing an additional 1,695 shares during the last quarter. Swedbank AB increased its position in shares of VICI Properties by 4.7% in the fourth quarter. Swedbank AB now owns 199,605 shares of the company's stock valued at $5,830,000 after buying an additional 8,946 shares in the last quarter. Caprock Group LLC raised its stake in shares of VICI Properties by 5.0% during the 4th quarter. Caprock Group LLC now owns 87,614 shares of the company's stock worth $2,600,000 after buying an additional 4,164 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of VICI Properties by 0.8% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 560,482 shares of the company's stock worth $16,372,000 after buying an additional 4,221 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Down 0.0%

VICI Properties stock traded down $0.01 during midday trading on Tuesday, hitting $31.76. 4,270,195 shares of the stock were exchanged, compared to its average volume of 5,943,707. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29. The firm has a market cap of $33.56 billion, a P/E ratio of 12.40, a P/E/G ratio of 3.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a 50 day moving average price of $31.64 and a two-hundred day moving average price of $31.06.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting analysts' consensus estimates of $0.58. The business 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 10.24% and a net margin of 69.59%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. On average, sell-side analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal 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 issued a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.45%. VICI Properties's dividend payout ratio is 69.20%.

Analyst Ratings Changes

A number of analysts recently commented on VICI shares. Mizuho lifted their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Barclays upped their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Truist Financial lifted their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, Robert W. Baird lifted 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock 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.