MOKAN Wealth Management Inc. Makes New $542,000 Investment in VICI Properties Inc. (NYSE:VICI)

MOKAN Wealth Management Inc. bought a new position in shares of VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,545 shares of the company’s stock, valued at approximately $542,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VICI. Creative Planning grew its stake in shares of VICI Properties by 4.2% during the third quarter. Creative Planning now owns 74,125 shares of the company’s stock worth $2,469,000 after buying an additional 2,971 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of VICI Properties by 5.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 307,024 shares of the company’s stock worth $10,227,000 after purchasing an additional 16,843 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of VICI Properties by 8.8% during the third quarter. V Square Quantitative Management LLC now owns 11,830 shares of the company’s stock worth $394,000 after purchasing an additional 954 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of VICI Properties by 4.1% during the third quarter. Capital Investment Advisors LLC now owns 276,760 shares of the company’s stock worth $9,219,000 after purchasing an additional 10,815 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of VICI Properties by 103.9% during the third quarter. Blue Trust Inc. now owns 3,526 shares of the company’s stock worth $117,000 after purchasing an additional 1,797 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE VICI opened at $30.39 on Friday. The firm’s 50-day moving average price is $29.66 and its 200-day moving average price is $31.45. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The firm has a market capitalization of $32.04 billion, a P/E ratio of 11.26, a P/E/G ratio of 3.80 and a beta of 0.95. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.69%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is presently 64.07%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VICI. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Mizuho dropped their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Truist Financial dropped their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.22.

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.