Focus Partners Wealth Has $6.95 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Focus Partners Wealth lifted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 1,944.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,836 shares of the company's stock after buying an additional 226,203 shares during the quarter. Focus Partners Wealth's holdings in VICI Properties were worth $6,947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atria Wealth Solutions Inc. grew its stake in shares of VICI Properties by 145.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock valued at $1,189,000 after buying an additional 24,159 shares in the last quarter. Oxbow Advisors LLC bought a new position in shares of VICI Properties in the fourth quarter valued at $3,817,000. CHURCHILL MANAGEMENT Corp grew its stake in shares of VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock valued at $9,103,000 after buying an additional 8,834 shares in the last quarter. Border to Coast Pensions Partnership Ltd grew its stake in shares of VICI Properties by 40.0% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company's stock valued at $13,282,000 after buying an additional 130,000 shares in the last quarter. Finally, Brookstone Capital Management bought a new position in shares of VICI Properties in the fourth quarter valued at $359,000. 97.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VICI has been the subject of several analyst reports. Mizuho raised their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Wells Fargo & Company lifted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Barclays lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Finally, Truist Financial lifted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, VICI Properties has an average rating of "Moderate Buy" and a consensus price target of $35.18.

VICI Properties Stock Performance

Shares of VICI traded up $0.50 during midday trading on Friday, reaching $32.13. 5,673,880 shares of the stock were exchanged, compared to its average volume of 6,006,616. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $33.95 billion, a P/E ratio of 12.55, a PEG ratio of 3.88 and a beta of 0.74. The stock's 50 day simple moving average is $31.73 and its 200 day simple moving average is $31.06.

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

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.

VICI Properties 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.