Sagespring Wealth Partners LLC Buys Shares of 9,596 VICI Properties Inc. (NYSE:VICI)

Sagespring Wealth Partners LLC 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 9,596 shares of the company's stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VICI. Venturi Wealth Management LLC grew its holdings in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after purchasing an additional 431 shares during the period. Kestra Investment Management LLC bought a new stake in VICI Properties during the fourth quarter valued at approximately $33,000. Whipplewood Advisors LLC purchased a new position in VICI Properties in the fourth quarter worth $40,000. Cromwell Holdings LLC raised its holdings 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 buying an additional 494 shares in the last quarter. Finally, Promus Capital LLC bought a new stake in VICI Properties in the fourth quarter worth $63,000. 97.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on VICI shares. Barclays lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. JMP Securities reiterated a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Mizuho upped their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Truist Financial reduced their price target on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Stifel Nicolaus raised their target price on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.63.

VICI Properties Trading Up 1.6 %

VICI traded up $0.51 during trading on Friday, reaching $32.56. The company had a trading volume of 8,361,174 shares, compared to its average volume of 6,034,784. 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 Inc. has a 52 week low of $27.53 and a 52 week high of $34.29. The stock has a market cap of $34.40 billion, a P/E ratio of 12.72, a PEG ratio of 3.88 and a beta of 0.70. The business has a 50 day simple moving average of $31.61 and a 200-day simple moving average of $31.15.

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

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.

VICI Properties 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.