GeoWealth Management LLC Acquires 13,135 Shares of VICI Properties Inc. (NYSE:VICI)

GeoWealth Management LLC increased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 35.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,991 shares of the company's stock after purchasing an additional 13,135 shares during the quarter. GeoWealth Management LLC's holdings in VICI Properties were worth $1,460,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VICI. Venturi Wealth Management LLC increased its position in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC bought a new position in shares of VICI Properties in the 4th quarter worth about $33,000. Whipplewood Advisors LLC acquired a new position in shares of VICI Properties in the 4th quarter valued at about $40,000. Cromwell Holdings LLC boosted its position in shares of VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock valued at $61,000 after purchasing an additional 494 shares in the last quarter. Finally, Promus Capital LLC acquired a new stake in VICI Properties during the fourth quarter worth approximately $63,000. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Down 1.4 %

Shares of NYSE:VICI traded down $0.47 during mid-day trading on Wednesday, hitting $32.50. 3,166,504 shares of the company traded hands, compared to its average volume of 6,021,772. The stock has a 50-day moving average price of $31.71 and a two-hundred day moving average price of $31.14. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The stock has a market cap of $34.34 billion, a P/E ratio of 12.70, a P/E/G ratio of 3.88 and a beta of 0.70. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). The firm had revenue of $976.05 million for the quarter, compared to analysts' expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's payout ratio is 67.58%.

Analyst Ratings Changes

Several equities analysts have issued reports on VICI shares. Truist Financial boosted their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday. Mizuho boosted their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Barclays lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Wells Fargo & Company increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Finally, Wedbush lowered VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $34.93.

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.