MOKAN Wealth Management Inc. Purchases Shares of 18,545 VICI Properties Inc. (NYSE:VICI)

MOKAN Wealth Management Inc. purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,545 shares of the company's stock, valued at approximately $542,000.

Other hedge funds have also recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp increased its holdings in VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock worth $9,103,000 after purchasing an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in VICI Properties by 8.0% in the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company's stock worth $18,268,000 after purchasing an additional 40,733 shares in the last quarter. Border to Coast Pensions Partnership Ltd increased its holdings in VICI Properties by 40.0% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company's stock worth $13,282,000 after purchasing an additional 130,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company's stock worth $393,847,000 after purchasing an additional 770,195 shares in the last quarter. Finally, Brookstone Capital Management bought a new stake in shares of VICI Properties during the fourth quarter valued at approximately $359,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VICI. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Barclays cut their target price on VICI Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Mizuho cut their target price on VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.22.

VICI Properties Stock Performance

Shares of VICI traded up $0.27 during mid-day trading on Thursday, hitting $30.75. The stock had a trading volume of 4,572,321 shares, compared to its average volume of 6,293,754. The firm has a market cap of $32.41 billion, a P/E ratio of 11.39, a PEG ratio of 3.83 and a beta of 0.95. The business has a fifty day moving average price of $29.59 and a 200-day moving average price of $31.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 73.90% and a return on equity of 10.80%. On average, equities research analysts expect that VICI Properties Inc. will post 2.26 EPS for the current year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.63%. VICI Properties's dividend payout ratio (DPR) is 64.07%.

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.