Peak Financial Advisors LLC Has $426,000 Position in VICI Properties Inc. (NYSE:VICI)

Peak Financial Advisors LLC increased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 4.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 14,885 shares of the company’s stock after acquiring an additional 571 shares during the quarter. Peak Financial Advisors LLC’s holdings in VICI Properties were worth $426,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. HBC Financial Services PLLC bought a new position in VICI Properties during the fourth quarter valued at about $31,000. Tucker Asset Management LLC grew its holdings in shares of VICI Properties by 1,888.9% during the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after purchasing an additional 1,020 shares in the last quarter. Quarry LP increased its position in shares of VICI Properties by 143.1% during the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after purchasing an additional 741 shares during the period. EntryPoint Capital LLC raised its stake in shares of VICI Properties by 397.7% in the first quarter. EntryPoint Capital LLC now owns 2,832 shares of the company’s stock valued at $84,000 after purchasing an additional 2,263 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new position in shares of VICI Properties in the first quarter valued at $95,000. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VICI. Scotiabank increased their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Mizuho increased their price target on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a research note on Friday, June 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $33.44.

VICI Properties Trading Up 0.3 %

Shares of NYSE:VICI traded up $0.08 during mid-day trading on Friday, reaching $31.33. The stock had a trading volume of 3,523,212 shares, compared to its average volume of 6,217,269. The firm has a market cap of $32.81 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 3.15 and a beta of 0.92. The firm has a 50 day simple moving average of $29.30 and a two-hundred day simple moving average of $29.26. 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 Inc. has a twelve month low of $26.63 and a twelve month high of $32.68.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s payout ratio is currently 65.61%.

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.