IHT Wealth Management LLC Invests $223,000 in VICI Properties Inc. (NYSE:VICI)

IHT Wealth Management LLC acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,729 shares of the company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds also recently modified their holdings of VICI. Quarry LP increased its holdings in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 999 shares during the last quarter. UMB Bank n.a. grew its stake in shares of VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after acquiring an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its holdings in shares of 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 purchasing an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in VICI Properties in the second quarter valued at about $43,000. Finally, Rothschild Investment LLC acquired a new stake in VICI Properties in the second quarter valued at approximately $47,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on VICI shares. JMP Securities lifted their price target on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Mizuho lowered 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, November 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

VICI Properties Trading Down 1.0 %

NYSE:VICI opened at $31.44 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company’s 50-day simple moving average is $32.15 and its 200 day simple moving average is $31.22. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The firm has a market capitalization of $33.14 billion, a P/E ratio of 11.64, a PEG ratio of 4.19 and a beta of 0.93.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date is Tuesday, December 17th. VICI Properties’s payout ratio is presently 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.