Alaethes Wealth LLC Grows Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Alaethes Wealth LLC grew its holdings in VICI Properties Inc. (NYSE:VICI) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,055 shares of the company’s stock after acquiring an additional 1,929 shares during the quarter. Alaethes Wealth LLC’s holdings in VICI Properties were worth $1,193,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avantax Advisory Services Inc. raised its stake in shares of VICI Properties by 6.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,366 shares of the company’s stock worth $267,000 after purchasing an additional 489 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in VICI Properties by 6.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 9,257 shares of the company’s stock valued at $295,000 after acquiring an additional 539 shares during the period. D.A. Davidson & CO. lifted its stake in VICI Properties by 22.6% during the 4th quarter. D.A. Davidson & CO. now owns 16,907 shares of the company’s stock valued at $539,000 after acquiring an additional 3,121 shares during the period. CreativeOne Wealth LLC boosted its holdings in shares of VICI Properties by 50.6% in the 4th quarter. CreativeOne Wealth LLC now owns 14,773 shares of the company’s stock valued at $471,000 after acquiring an additional 4,964 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of VICI Properties in the fourth quarter worth $228,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI stock opened at $33.07 on Friday. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $34.29. The company has a market capitalization of $34.63 billion, a P/E ratio of 13.07, a PEG ratio of 5.35 and a beta of 0.94. The business has a 50 day simple moving average of $32.13 and a 200-day simple moving average of $29.91. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be issued a $0.4325 dividend. The ex-dividend date is Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.23%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is 65.61%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VICI. Evercore ISI boosted their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Morgan Stanley restated an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average price target of $33.56.

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.