Hohimer Wealth Management LLC Invests $2.40 Million in VICI Properties Inc. (NYSE:VICI)

Hohimer Wealth Management LLC bought a new position in VICI Properties Inc. (NYSE:VICI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 75,275 shares of the company’s stock, valued at approximately $2,400,000.

Several other hedge funds have also modified their holdings of the stock. Sheaff Brock Investment Advisors LLC boosted its position in shares of VICI Properties by 0.8% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 44,565 shares of the company’s stock worth $1,421,000 after acquiring an additional 355 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of VICI Properties by 5.2% in the third quarter. Avantax Advisory Services Inc. now owns 7,877 shares of the company’s stock worth $229,000 after acquiring an additional 387 shares during the last quarter. Schnieders Capital Management LLC boosted its position in shares of VICI Properties by 0.8% in the fourth quarter. Schnieders Capital Management LLC now owns 51,843 shares of the company’s stock worth $1,653,000 after acquiring an additional 406 shares during the last quarter. Bell Investment Advisors Inc boosted its position in shares of VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after acquiring an additional 410 shares during the last quarter. Finally, Corrado Advisors LLC boosted its position in shares of VICI Properties by 1.6% in the third quarter. Corrado Advisors LLC now owns 32,317 shares of the company’s stock worth $940,000 after acquiring an additional 494 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Mizuho lifted their price target 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. Wells Fargo & Company reduced their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Morgan Stanley lifted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Finally, Scotiabank lifted their price target on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Three equities research 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.18.

VICI Properties Stock Performance

VICI stock traded down $0.75 during trading on Thursday, hitting $28.78. 2,979,142 shares of the company’s stock traded hands, compared to its average volume of 6,153,514. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $33.40. The stock has a fifty day moving average price of $29.02 and a two-hundred day moving average price of $29.76. The stock has a market capitalization of $30.02 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.415 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 annualized dividend and a yield of 5.77%. VICI Properties’s payout ratio is 65.61%.

Insider Activity

In other news, Director James R. Abrahamson acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $28.85 per share, with a total value of $86,550.00. Following the acquisition, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.

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.