Global Wealth Management Investment Advisory Inc. Has $603,000 Stock Position in VICI Properties Inc. (NYSE:VICI)

Global Wealth Management Investment Advisory Inc. boosted its stake in VICI Properties Inc. (NYSE:VICI) by 10.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,089 shares of the company’s stock after purchasing an additional 1,736 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in VICI Properties were worth $603,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP raised its holdings in shares of 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 acquiring an additional 999 shares during the period. UMB Bank n.a. raised its position in VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its position in VICI Properties by 363.2% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after acquiring an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VICI Properties in the second quarter worth $43,000. Finally, Rothschild Investment LLC acquired a new position in VICI Properties during the second quarter worth $47,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on VICI shares. Evercore ISI boosted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, JMP Securities lifted their price target on VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.11.

VICI Properties Stock Performance

NYSE VICI traded down $0.13 on Tuesday, reaching $31.56. The stock had a trading volume of 142,951 shares, compared to its average volume of 5,678,182. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. 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 has a market cap of $33.27 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 4.94 and a beta of 0.94. The firm has a fifty day moving average of $32.95 and a two-hundred day moving average of $30.73.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.48%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

VICI Properties Company 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.