Wealth Enhancement Advisory Services LLC Purchases 139,040 Shares of VICI Properties Inc. (NYSE:VICI)

Wealth Enhancement Advisory Services LLC lifted its position in shares of VICI Properties Inc. (NYSE:VICI) by 141.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 237,634 shares of the company’s stock after acquiring an additional 139,040 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in VICI Properties were worth $6,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC purchased a new stake in VICI Properties during the 4th quarter worth about $233,000. Blue Trust Inc. lifted its holdings in VICI Properties by 48.1% during the 4th quarter. Blue Trust Inc. now owns 5,221 shares of the company’s stock worth $153,000 after purchasing an additional 1,695 shares in the last quarter. Swedbank AB lifted its holdings in VICI Properties by 4.7% during the 4th quarter. Swedbank AB now owns 199,605 shares of the company’s stock worth $5,830,000 after purchasing an additional 8,946 shares in the last quarter. Caprock Group LLC lifted its holdings in 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 purchasing an additional 4,164 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in VICI Properties by 0.8% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 560,482 shares of the company’s stock worth $16,372,000 after purchasing an additional 4,221 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $31.72 on Monday. The stock has a market cap of $33.52 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 3.88 and a beta of 0.74. 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 Inc. has a 1-year low of $27.53 and a 1-year high of $34.29. The stock’s 50-day moving average is $31.64 and its 200 day moving average is $31.06.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. The company 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%. VICI Properties’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.56 EPS. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal 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 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 yield of 5.45%. VICI Properties’s payout ratio is 69.20%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VICI. Mizuho increased their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Truist Financial raised their price target on VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Robert W. Baird raised their price target on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Wells Fargo & Company raised their price target on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Finally, Stifel Nicolaus raised their price target on VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.