Phillips Wealth Planners LLC Boosts Stake in VICI Properties Inc. (NYSE:VICI)

Phillips Wealth Planners LLC lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 43.3% in the 3rd quarter, Holdings Channel reports. The firm owned 13,221 shares of the company’s stock after acquiring an additional 3,992 shares during the period. Phillips Wealth Planners LLC’s holdings in VICI Properties were worth $438,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of VICI. Wealth Enhancement Advisory Services LLC boosted its position in VICI Properties by 1.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 64,361 shares of the company’s stock worth $1,917,000 after purchasing an additional 725 shares during the last quarter. Norden Group LLC purchased a new position in shares of VICI Properties during the 1st quarter worth $1,033,000. First Trust Direct Indexing L.P. boosted its stake in shares of VICI Properties by 3.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 20,540 shares of the company’s stock worth $612,000 after acquiring an additional 650 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of VICI Properties by 0.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 417,366 shares of the company’s stock worth $12,433,000 after acquiring an additional 3,424 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in shares of VICI Properties by 9.1% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 23,337 shares of the company’s stock valued at $695,000 after acquiring an additional 1,940 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 1.1 %

Shares of VICI opened at $31.43 on Friday. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The company’s fifty day simple moving average is $33.01 and its 200-day simple moving average is $30.63. The company has a market cap of $32.91 billion, a P/E ratio of 11.64, a P/E/G ratio of 4.99 and a beta of 0.94.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is 64.07%.

Wall Street Analyst Weigh In

A number of research firms have commented on VICI. JMP Securities raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday. Evercore ISI lifted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.11.

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.