Sagespring Wealth Partners LLC Invests $280,000 in VICI Properties Inc. (NYSE:VICI)

Sagespring Wealth Partners LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,596 shares of the company's stock, valued at approximately $280,000.

A number of other hedge funds have also recently modified their holdings of VICI. Venturi Wealth Management LLC lifted 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 purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new position in VICI Properties in the fourth quarter valued at about $33,000. Whipplewood Advisors LLC purchased a new position in VICI Properties during the fourth quarter worth about $40,000. Cromwell Holdings LLC increased its position in shares of VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock valued at $61,000 after acquiring an additional 494 shares during the last quarter. Finally, Promus Capital LLC purchased a new stake in shares of VICI Properties in the 4th quarter valued at approximately $63,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 0.1 %

Shares of VICI stock traded up $0.05 during trading hours on Monday, reaching $32.59. 727,007 shares of the stock were exchanged, compared to its average volume of 6,016,816. The business's fifty day moving average is $31.61 and its two-hundred day moving average is $31.13. The firm has a market capitalization of $34.43 billion, a P/E ratio of 12.73, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). The firm had revenue of $976.05 million during the quarter, compared to analysts' expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given 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 5.31%. VICI Properties's dividend payout ratio is currently 67.58%.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research analyst reports. Wells Fargo & Company increased 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. Mizuho lifted their price objective on 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 reiterated a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Stifel Nicolaus lifted their target price on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research report on Thursday, March 27th. Finally, Wedbush lowered shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $34.63.

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.