Western Wealth Management LLC Invests $734,000 in VICI Properties Inc. $VICI

Western Wealth Management LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 26,864 shares of the company’s stock, valued at approximately $734,000.

Several other institutional investors also recently bought and sold shares of VICI. Parallel Advisors LLC lifted its position in VICI Properties by 49.7% during the 1st quarter. Parallel Advisors LLC now owns 16,009 shares of the company’s stock worth $437,000 after acquiring an additional 5,315 shares in the last quarter. NewEdge Advisors LLC grew its position in VICI Properties by 3.7% in the first quarter. NewEdge Advisors LLC now owns 89,107 shares of the company’s stock valued at $2,434,000 after acquiring an additional 3,175 shares in the last quarter. Ramiah Investment Group grew its position in VICI Properties by 5.1% in the first quarter. Ramiah Investment Group now owns 15,016 shares of the company’s stock valued at $410,000 after acquiring an additional 733 shares in the last quarter. Groupama Asset Managment raised its stake in shares of VICI Properties by 21.8% during the first quarter. Groupama Asset Managment now owns 46,183 shares of the company’s stock valued at $1,262,000 after purchasing an additional 8,264 shares during the period. Finally, Essential Partners LLC acquired a new position in shares of VICI Properties during the first quarter worth $53,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Scotiabank decreased their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Raymond James Financial set a $29.00 target price on VICI Properties in a research report on Thursday. Barclays cut their price target on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Cantor Fitzgerald reduced their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.29.

VICI Properties Stock Up 1.0%

Shares of VICI Properties stock opened at $26.34 on Friday. The company has a market capitalization of $29.00 billion, a P/E ratio of 10.21 and a beta of 0.65. The business’s fifty day moving average price is $26.80 and its two-hundred day moving average price is $27.92. VICI Properties Inc. has a 1-year low of $25.82 and a 1-year high of $33.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.8%. VICI Properties’s payout ratio is 69.77%.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.