Naviter Wealth LLC Boosts Holdings in VICI Properties Inc. (NYSE:VICI)

Naviter Wealth LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 13.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,888 shares of the company’s stock after acquiring an additional 7,597 shares during the quarter. Naviter Wealth LLC’s holdings in VICI Properties were worth $1,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HBC Financial Services PLLC bought a new position in VICI Properties in the 4th quarter worth approximately $31,000. Tucker Asset Management LLC grew its position in shares of VICI Properties by 1,888.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares in the last quarter. Blue Trust Inc. raised its stake in shares of VICI Properties by 455.3% during the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after purchasing an additional 938 shares during the period. Quarry LP lifted its holdings in VICI Properties by 143.1% during the 4th quarter. Quarry LP now owns 1,259 shares of the company’s stock worth $40,000 after purchasing an additional 741 shares in the last quarter. Finally, Planned Solutions Inc. bought a new position in VICI Properties in the 4th quarter worth about $45,000. 97.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Scotiabank lifted their price target on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research note on Friday, June 21st. Finally, Mizuho lifted their target price on shares of VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.50.

VICI Properties Stock Down 0.4 %

Shares of VICI stock traded down $0.11 during mid-day trading on Tuesday, reaching $27.79. 5,755,033 shares of the company’s stock traded hands, compared to its average volume of 6,293,166. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $33.40. The company has a market cap of $28.99 billion, a P/E ratio of 10.98, a P/E/G ratio of 2.34 and a beta of 0.92. The company’s 50-day moving average price is $28.73 and its 200-day moving average price is $29.51.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date of this dividend is Tuesday, June 18th. VICI Properties’s dividend payout ratio (DPR) is presently 65.61%.

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.