GC Wealth Management RIA LLC Boosts Stake in VICI Properties Inc. (NYSE:VICI)

GC Wealth Management RIA LLC raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 22.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,377 shares of the company’s stock after acquiring an additional 3,852 shares during the period. GC Wealth Management RIA LLC’s holdings in VICI Properties were worth $624,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. D.A. Davidson & CO. grew its position in VICI Properties by 3.2% during the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after buying an additional 340 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in VICI Properties by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock worth $1,206,000 after buying an additional 372 shares in the last quarter. Continuum Advisory LLC grew its position in VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares in the last quarter. V Square Quantitative Management LLC grew its position in VICI Properties by 3.3% during the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after buying an additional 391 shares in the last quarter. Finally, Tcfg Wealth Management LLC grew its position in VICI Properties by 5.7% during the fourth quarter. Tcfg Wealth Management LLC now owns 7,792 shares of the company’s stock worth $228,000 after buying an additional 417 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VICI has been the subject of a number of research reports. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Stifel Nicolaus upped their price objective on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays upped their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Mizuho cut their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.20.

VICI Properties Stock Down 0.9 %

VICI stock opened at $32.34 on Wednesday. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market cap of $34.17 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The business has a 50 day moving average of $30.29 and a 200 day moving average of $31.48.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. On average, research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Thursday, March 20th. VICI Properties’s payout ratio is 67.58%.

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.