Wilsey Asset Management Inc. Raises Stock Holdings in VICI Properties Inc. $VICI

Wilsey Asset Management Inc. lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,152,606 shares of the company’s stock after acquiring an additional 51,155 shares during the period. VICI Properties accounts for approximately 4.5% of Wilsey Asset Management Inc.’s portfolio, making the stock its 16th biggest holding. Wilsey Asset Management Inc.’s holdings in VICI Properties were worth $30,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VICI. Vanguard Group Inc. boosted its stake in shares of VICI Properties by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock worth $4,455,820,000 after purchasing an additional 1,705,855 shares during the last quarter. State Street Corp raised its position in shares of VICI Properties by 1.7% in the fourth quarter. State Street Corp now owns 63,619,919 shares of the company’s stock valued at $1,817,165,000 after buying an additional 1,080,992 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of VICI Properties by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock valued at $1,030,716,000 after buying an additional 1,037,345 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of VICI Properties by 8.2% during the fourth quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock valued at $851,821,000 after buying an additional 2,305,719 shares during the period. Finally, Bank of America Corp DE boosted its position in VICI Properties by 2.7% during the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after acquiring an additional 734,068 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on VICI shares. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a research note on Friday, July 31st. Scotiabank decreased their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Morgan Stanley lowered their price objective on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Royal Bank Of Canada initiated coverage on VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.54.

VICI Properties Trading Up 0.7%

VICI stock opened at $26.72 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The company has a market cap of $29.42 billion, a price-to-earnings ratio of 10.36 and a beta of 0.65. The business has a fifty day simple moving average of $26.91 and a 200-day simple moving average of $27.99. VICI Properties Inc. has a 52 week low of $25.82 and a 52 week high of $33.92.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.7%. VICI Properties’s dividend payout ratio is currently 69.77%.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.