GC Wealth Management RIA LLC Buys 3,852 Shares of VICI Properties Inc. (NYSE:VICI)

GC Wealth Management RIA LLC grew its stake in VICI Properties Inc. (NYSE:VICI) by 22.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,377 shares of the company’s stock after purchasing an additional 3,852 shares during the quarter. GC Wealth Management RIA LLC’s holdings in VICI Properties were worth $624,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Independent Advisor Alliance lifted its holdings in shares of VICI Properties by 5.0% in the fourth quarter. Independent Advisor Alliance now owns 13,137 shares of the company’s stock valued at $384,000 after purchasing an additional 627 shares in the last quarter. Moran Wealth Management LLC bought a new position in shares of VICI Properties in the fourth quarter valued at approximately $1,175,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in VICI Properties by 20.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,058,388 shares of the company’s stock worth $30,916,000 after acquiring an additional 180,961 shares during the period. AlphaQuest LLC lifted its holdings in VICI Properties by 129.6% during the fourth quarter. AlphaQuest LLC now owns 15,690 shares of the company’s stock worth $458,000 after acquiring an additional 8,856 shares during the period. Finally, Amundi lifted its holdings in VICI Properties by 1.2% during the fourth quarter. Amundi now owns 3,215,968 shares of the company’s stock worth $92,716,000 after acquiring an additional 37,370 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on VICI shares. Wells Fargo & Company lifted their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Barclays lifted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Mizuho dropped their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, Stifel Nicolaus lifted their price target on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

VICI Properties Price Performance

Shares of NYSE VICI opened at $32.34 on Wednesday. The stock has a market cap of $34.17 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a fifty day moving average of $30.29 and a 200-day moving average of $31.48.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Equities research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

About VICI Properties

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.