Bogart Wealth LLC Buys 73,025 Shares of VICI Properties Inc. $VICI

Bogart Wealth LLC grew its stake in VICI Properties Inc. (NYSE:VICI) by 27.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 338,244 shares of the company’s stock after buying an additional 73,025 shares during the period. Bogart Wealth LLC’s holdings in VICI Properties were worth $8,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bayban bought a new stake in VICI Properties in the fourth quarter worth about $25,000. Dynamic Wealth Strategies LLC bought a new stake in VICI Properties in the 1st quarter valued at about $25,000. State of Wyoming bought a new stake in VICI Properties in the 2nd quarter valued at about $26,000. Evolution Wealth Management Inc. purchased a new stake in VICI Properties during the fourth quarter valued at about $28,000. Finally, Headlands Technologies LLC bought a new position in VICI Properties during the second quarter worth about $28,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VICI shares. Morgan Stanley reduced their target price on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Scotiabank cut their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Cantor Fitzgerald reduced their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday. Raymond James Financial set a $29.00 price target on VICI Properties in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.29.

VICI Properties Stock Up 1.0%

VICI stock opened at $26.34 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $26.80 and its 200 day moving average is $27.92. The stock has a market cap of $29.00 billion, a price-to-earnings ratio of 10.21 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $25.82 and a 1-year high of $33.92.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s dividend payout ratio is currently 69.77%.

VICI Properties Profile

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.