Wilmington Savings Fund Society FSB Raises Holdings in VICI Properties Inc. (NYSE:VICI)

Wilmington Savings Fund Society FSB grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 57.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,876 shares of the company’s stock after buying an additional 2,138 shares during the period. Wilmington Savings Fund Society FSB’s holdings in VICI Properties were worth $172,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in VICI Properties by 340.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company’s stock worth $74,000 after purchasing an additional 1,700 shares during the period. Creative Planning boosted its stake in VICI Properties by 4.2% in the 3rd quarter. Creative Planning now owns 74,125 shares of the company’s stock worth $2,469,000 after purchasing an additional 2,971 shares during the period. Leisure Capital Management bought a new position in VICI Properties in the 3rd quarter worth about $611,000. Presima Securities ULC raised its holdings in shares of VICI Properties by 24.3% in the 3rd quarter. Presima Securities ULC now owns 90,423 shares of the company’s stock valued at $3,012,000 after acquiring an additional 17,671 shares in the last quarter. Finally, Naviter Wealth LLC raised its holdings in shares of VICI Properties by 5.1% in the 3rd quarter. Naviter Wealth LLC now owns 73,974 shares of the company’s stock valued at $2,496,000 after acquiring an additional 3,619 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $29.82 on Thursday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock’s 50-day moving average is $29.71 and its 200 day moving average is $31.47. The stock has a market cap of $31.44 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 3.80 and a beta of 0.95. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.80%. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VICI shares. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Truist Financial lowered their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays lowered their price target on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Mizuho decreased their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Company Profile

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.