VICI Properties Inc. (NYSE:VICI) Shares Purchased by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 10.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,089 shares of the company’s stock after purchasing an additional 1,736 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in VICI Properties were worth $603,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Montag A & Associates Inc. grew its holdings in shares of VICI Properties by 3.3% during the 2nd quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock worth $357,000 after purchasing an additional 389 shares during the period. MAS Advisors LLC increased its position in shares of VICI Properties by 2.8% during the second quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after acquiring an additional 398 shares during the last quarter. Insight Folios Inc raised its stake in shares of VICI Properties by 2.5% in the 3rd quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock valued at $601,000 after acquiring an additional 433 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of VICI Properties by 23.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock worth $78,000 after acquiring an additional 442 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. boosted its position in shares of VICI Properties by 7.1% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 7,516 shares of the company’s stock worth $250,000 after purchasing an additional 498 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of NYSE:VICI traded down $0.13 during trading on Tuesday, reaching $31.56. The stock had a trading volume of 142,951 shares, compared to its average volume of 5,678,182. The firm has a market capitalization of $33.27 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 4.94 and a beta of 0.94. The stock has a fifty day simple moving average of $32.95 and a two-hundred day simple moving average of $30.73. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week 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.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a $0.4325 dividend. The ex-dividend date was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a yield of 5.48%. VICI Properties’s payout ratio is 64.07%.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research analyst reports. JMP Securities raised their target price on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday. Evercore ISI raised their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.11.

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.