Wealth Enhancement Advisory Services LLC Increases Position in VICI Properties Inc. (NYSE:VICI)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 39.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98,594 shares of the company's stock after buying an additional 27,962 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in VICI Properties were worth $3,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VICI. Vanguard Group Inc. raised its position in VICI Properties by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company's stock worth $4,577,974,000 after buying an additional 6,755,553 shares during the last quarter. Capital International Investors lifted its position in VICI Properties by 7.5% in the first quarter. Capital International Investors now owns 67,600,000 shares of the company's stock valued at $2,013,804,000 after purchasing an additional 4,728,903 shares during the period. Capital Research Global Investors lifted its position in VICI Properties by 8.7% in the first quarter. Capital Research Global Investors now owns 37,528,622 shares of the company's stock valued at $1,117,978,000 after purchasing an additional 3,001,793 shares during the period. Dimensional Fund Advisors LP boosted its holdings in VICI Properties by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company's stock valued at $419,073,000 after purchasing an additional 201,899 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of VICI Properties by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 14,426,075 shares of the company's stock worth $413,163,000 after buying an additional 251,313 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

NYSE:VICI traded down $0.32 during mid-day trading on Friday, hitting $31.44. 6,317,474 shares of the company's stock traded hands, compared to its average volume of 3,702,203. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a market cap of $32.92 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 4.99 and a beta of 0.94. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. The firm's 50 day simple moving average is $32.98 and its 200 day simple moving average is $30.65.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.50%. This is a positive change from VICI Properties's previous quarterly dividend of $0.42. VICI Properties's dividend payout ratio is presently 64.07%.

Analyst Upgrades and Downgrades

VICI has been the topic of a number of analyst reports. Wells Fargo & Company restated an "overweight" rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Finally, JMP Securities increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company a "market outperform" rating in a report on Friday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $34.11.

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.