Western Wealth Management LLC Acquires Shares of 26,864 VICI Properties Inc. $VICI

Western Wealth Management LLC acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 26,864 shares of the company’s stock, valued at approximately $734,000.

A number of other hedge funds have also recently made changes to their positions in VICI. Bayban acquired a new stake in shares of VICI Properties in the 4th quarter worth about $25,000. Dynamic Wealth Strategies LLC acquired a new position in VICI Properties during the 1st quarter valued at about $25,000. State of Wyoming bought a new stake in VICI Properties during the 2nd quarter worth approximately $26,000. Evolution Wealth Management Inc. bought a new stake in VICI Properties during the 4th quarter worth approximately $28,000. Finally, Headlands Technologies LLC purchased a new stake in shares of VICI Properties in the second quarter worth approximately $28,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI Properties stock opened at $26.57 on Tuesday. VICI Properties Inc. has a 52 week low of $25.82 and a 52 week high of $34.01. The company’s 50 day moving average price is $27.06 and its two-hundred day moving average price is $28.04. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock has a market cap of $29.26 billion, a P/E ratio of 10.30 and a beta of 0.65.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is presently 69.77%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on VICI shares. Royal Bank Of Canada began coverage on VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price on the stock. Robert W. Baird set a $32.00 price target on VICI Properties in a report on Thursday. Morgan Stanley lowered their price target on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Scotiabank dropped their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of VICI Properties in a report on Friday. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, VICI Properties has an average rating of “Hold” and an average target price of $31.54.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.