8,557 Shares in VICI Properties Inc. (NYSE:VICI) Bought by Steel Peak Wealth Management LLC

Posted by Defense World Staff on Apr 6th, 2023

Steel Peak Wealth Management LLC bought a new stake in VICI Properties Inc. (NYSE:VICI – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,557 shares of the company’s stock, valued at approximately $281,000.

Other hedge funds also recently bought and sold shares of the company. Desjardins Global Asset Management Inc. increased its stake in shares of VICI Properties by 1.4% during the 3rd quarter. Desjardins Global Asset Management Inc. now owns 24,406 shares of the company’s stock worth $728,000 after purchasing an additional 338 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in VICI Properties by 1.8% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 19,350 shares of the company’s stock worth $578,000 after purchasing an additional 345 shares in the last quarter. Quadrant Capital Group LLC increased its position in VICI Properties by 5.8% during the third quarter. Quadrant Capital Group LLC now owns 6,753 shares of the company’s stock worth $202,000 after buying an additional 368 shares during the last quarter. Signet Financial Management LLC raised its holdings in VICI Properties by 0.5% during the third quarter. Signet Financial Management LLC now owns 74,913 shares of the company’s stock valued at $2,236,000 after buying an additional 377 shares in the last quarter. Finally, Byrne Asset Management LLC lifted its position in shares of VICI Properties by 9.1% in the third quarter. Byrne Asset Management LLC now owns 4,580 shares of the company’s stock worth $137,000 after buying an additional 381 shares during the last quarter.

VICI Properties Price Performance

NYSE VICI opened at $32.12 on Thursday. The company’s fifty day moving average is $33.11 and its two-hundred day moving average is $32.51. VICI Properties Inc. has a 52-week low of $26.42 and a 52-week high of $35.69. The firm has a market capitalization of $32.26 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 2.26 and a beta of 0.94.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 6th. Investors of record on Thursday, March 23rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Wednesday, March 22nd. VICI Properties’s dividend payout ratio (DPR) is presently 123.81%.

Analysts Set New Price Targets

A number of brokerages have recently commented on VICI. Raymond James lowered VICI Properties from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $38.00 to $36.00 in a report on Monday, January 9th. Wolfe Research lowered their price target on VICI Properties from $46.00 to $37.00 and set an “outperform” rating on the stock in a report on Wednesday, March 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $38.00 price objective on shares of VICI Properties in a report on Tuesday, March 21st. Morgan Stanley lifted their target price on shares of VICI Properties from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, December 16th. Finally, Mizuho began coverage on shares of VICI Properties in a research report on Wednesday. They set a “buy” rating and a $35.00 target price for the company. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $36.65.

About VICI Properties

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VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.