Secure Asset Management LLC Acquires 7,816 Shares of VICI Properties Inc. (NYSE:VICI)

Secure Asset Management LLC raised its holdings in VICI Properties Inc. (NYSE:VICI) by 14.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,262 shares of the company’s stock after buying an additional 7,816 shares during the period. Secure Asset Management LLC’s holdings in VICI Properties were worth $2,064,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teamwork Financial Advisors LLC increased its position in shares of VICI Properties by 13.8% in the first quarter. Teamwork Financial Advisors LLC now owns 21,906 shares of the company’s stock valued at $715,000 after acquiring an additional 2,663 shares during the last quarter. Merit Financial Group LLC grew its stake in VICI Properties by 66.0% in the first quarter. Merit Financial Group LLC now owns 39,394 shares of the company’s stock valued at $1,285,000 after purchasing an additional 15,668 shares in the last quarter. LVW Advisors LLC increased its position in shares of VICI Properties by 32.8% during the 1st quarter. LVW Advisors LLC now owns 29,759 shares of the company’s stock worth $971,000 after purchasing an additional 7,351 shares during the last quarter. NBC Securities Inc. increased its position in shares of VICI Properties by 112,070.0% during the 1st quarter. NBC Securities Inc. now owns 11,217 shares of the company’s stock worth $365,000 after purchasing an additional 11,207 shares during the last quarter. Finally, Future Financial Wealth Managment LLC raised its stake in shares of VICI Properties by 22.8% during the 1st quarter. Future Financial Wealth Managment LLC now owns 5,382 shares of the company’s stock worth $176,000 after purchasing an additional 1,000 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Trading Down 0.0%

Shares of VICI stock opened at $31.76 on Wednesday. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The company has a market capitalization of $33.56 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The firm has a 50 day moving average price of $31.64 and a two-hundred day moving average price of $31.07. 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 (NYSE:VICI) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business had revenue of $984.20 million during the quarter, compared to analysts’ expectations of $976.51 million. During the same period last year, the firm posted $0.56 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.45%. VICI Properties’s dividend payout ratio (DPR) is presently 69.20%.

Analyst Upgrades and Downgrades

VICI has been the subject of several analyst reports. Truist Financial raised their target price on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Stifel Nicolaus upped their target price on shares of VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a report on Thursday, May 1st. Mizuho raised their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Finally, Robert W. Baird boosted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Three 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $35.18.

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.