Winnow Wealth LLC Makes New Investment in VICI Properties Inc. $VICI

Winnow Wealth LLC acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 31,516 shares of the company’s stock, valued at approximately $1,040,000.

Several other large investors have also made changes to their positions in the business. Dynamic Advisor Solutions LLC grew its stake in VICI Properties by 3.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 10,404 shares of the company’s stock valued at $339,000 after acquiring an additional 337 shares during the period. Heritage Wealth Advisors lifted its holdings in VICI Properties by 18.9% during the second quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock valued at $72,000 after purchasing an additional 350 shares in the last quarter. Bell Investment Advisors Inc lifted its holdings in VICI Properties by 32.7% during the second quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after purchasing an additional 351 shares in the last quarter. Armstrong Advisory Group Inc. grew its position in shares of VICI Properties by 4.6% in the third quarter. Armstrong Advisory Group Inc. now owns 8,462 shares of the company’s stock valued at $276,000 after purchasing an additional 370 shares during the period. Finally, Leo Wealth LLC increased its stake in shares of VICI Properties by 5.7% during the second quarter. Leo Wealth LLC now owns 7,271 shares of the company’s stock worth $237,000 after purchasing an additional 391 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Trading Down 0.1%

VICI opened at $28.07 on Friday. The firm has a market capitalization of $30.00 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 2.80 and a beta of 0.70. The company’s 50 day simple moving average is $28.22 and its two-hundred day simple moving average is $30.72. VICI Properties Inc. has a 1-year low of $27.48 and a 1-year high of $34.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.4%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s dividend payout ratio is presently 68.70%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Mizuho decreased their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th. Stifel Nicolaus reduced their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Wells Fargo & Company restated an “equal weight” rating and issued a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Evercore ISI reaffirmed an “in-line” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Finally, Scotiabank cut VICI Properties from a “sector outperform” rating to a “sector perform” rating and set a $30.00 price target for the company. in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.85.

About VICI Properties

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.