VICI Properties Inc. (NYSE:VICI) Shares Purchased by Napa Wealth Management

Napa Wealth Management lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 26.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,242 shares of the company’s stock after purchasing an additional 1,923 shares during the period. Napa Wealth Management’s holdings in VICI Properties were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Quarry LP lifted its position in shares of VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 999 shares in the last quarter. UMB Bank n.a. raised its position in shares of VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. lifted its stake in VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after buying an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in VICI Properties in the 2nd quarter worth about $43,000. Finally, Rothschild Investment LLC purchased a new stake in VICI Properties during the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VICI. JMP Securities raised their target price on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Mizuho dropped their target price on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Evercore ISI raised their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Trading Down 0.2 %

Shares of VICI opened at $31.61 on Monday. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The firm has a market capitalization of $33.32 billion, a P/E ratio of 11.73, a P/E/G ratio of 4.20 and a beta of 0.94. The firm has a 50-day moving average price of $32.58 and a 200 day moving average price of $30.91. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a dividend of $0.4325 per share. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.47%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is currently 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.