SteelPeak Wealth LLC Acquires 3,769 Shares of VICI Properties Inc. (NYSE:VICI)

SteelPeak Wealth LLC raised its holdings in VICI Properties Inc. (NYSE:VICI) by 3.6% in the fourth quarter, Holdings Channel reports. The firm owned 109,092 shares of the company’s stock after purchasing an additional 3,769 shares during the period. SteelPeak Wealth LLC’s holdings in VICI Properties were worth $3,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Quarry LP raised its holdings in shares of VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares during the period. Continuum Advisory LLC increased its position in VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares during the last quarter. UMB Bank n.a. raised its stake in shares of VICI Properties by 37.4% in the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock valued at $63,000 after buying an additional 512 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after buying an additional 1,630 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in shares of VICI Properties during the 3rd quarter worth $67,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Down 1.7 %

VICI opened at $30.02 on Wednesday. The firm has a market capitalization of $31.65 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.94. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The company has a fifty day moving average price of $30.24 and a 200-day moving average price of $31.52. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.76%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is 64.07%.

Analyst Ratings Changes

VICI has been the topic of a number of research reports. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Barclays started coverage on shares of VICI Properties in a report on Friday, January 10th. They issued an “overweight” rating and a $36.00 price objective for the company. JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday. Finally, Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

VICI Properties 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.