Western Wealth Management LLC Takes $734,000 Position in VICI Properties Inc. $VICI

Western Wealth Management LLC acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 26,864 shares of the company’s stock, valued at approximately $734,000.

A number of other large investors also recently made changes to their positions in VICI. Norges Bank bought a new stake in shares of VICI Properties in the 4th quarter valued at approximately $537,676,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in VICI Properties by 31,134.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,218,191 shares of the company’s stock valued at $287,336,000 after acquiring an additional 10,185,477 shares in the last quarter. Man Group plc lifted its stake in VICI Properties by 100.6% in the fourth quarter. Man Group plc now owns 11,406,537 shares of the company’s stock valued at $320,752,000 after acquiring an additional 5,720,867 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in VICI Properties by 247.8% in the fourth quarter. Voloridge Investment Management LLC now owns 7,792,028 shares of the company’s stock valued at $219,112,000 after acquiring an additional 5,551,620 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in VICI Properties by 1,001.4% in the first quarter. SG Americas Securities LLC now owns 5,659,186 shares of the company’s stock worth $154,609,000 after acquiring an additional 5,145,372 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VICI shares. Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a report on Thursday, July 30th. Scotiabank reduced their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Raymond James Financial set a $29.00 price target on VICI Properties in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a report on Friday, July 31st. Finally, Royal Bank Of Canada began coverage on VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, VICI Properties has a consensus rating of “Hold” and a consensus target price of $31.29.

VICI Properties Stock Up 1.0%

NYSE VICI opened at $26.34 on Friday. VICI Properties Inc. has a twelve month low of $25.82 and a twelve month high of $33.92. The stock has a market cap of $29.00 billion, a PE ratio of 10.21 and a beta of 0.65. The firm has a 50-day simple moving average of $26.80 and a 200 day simple moving average of $27.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98.

VICI Properties Dividend Announcement

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

VICI Properties Company 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.