Wilsey Asset Management Inc. Has $27.47 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

Wilsey Asset Management Inc. raised its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 940,416 shares of the company's stock after buying an additional 30,095 shares during the quarter. VICI Properties comprises approximately 5.1% of Wilsey Asset Management Inc.'s investment portfolio, making the stock its 11th biggest holding. Wilsey Asset Management Inc. owned 0.09% of VICI Properties worth $27,470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Continuum Advisory LLC lifted its stake in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after acquiring an additional 374 shares in the last quarter. UMB Bank n.a. lifted its position in shares of VICI Properties by 37.4% in the third quarter. UMB Bank n.a. now owns 1,880 shares of the company's stock worth $63,000 after purchasing an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock worth $65,000 after purchasing an additional 1,630 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in VICI Properties in the third quarter valued at $67,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in VICI Properties by 340.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company's stock valued at $74,000 after buying an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Barclays decreased their price target on VICI Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Mizuho dropped their price objective on VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Truist Financial decreased their target price on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. 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 given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.22.

VICI Properties Stock Performance

Shares of NYSE:VICI traded up $0.66 on Thursday, hitting $30.45. The company had a trading volume of 4,549,110 shares, compared to its average volume of 6,451,021. The stock has a 50 day moving average price of $29.69 and a 200 day moving average price of $31.46. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market cap of $32.10 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 3.80 and a beta of 0.95. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.68%. VICI Properties's dividend payout ratio is currently 64.07%.

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.