Marcum Wealth LLC Has $391,000 Holdings in VICI Properties Inc. (NYSE:VICI)

Marcum Wealth LLC lifted its stake in VICI Properties Inc. (NYSE:VICIGet Rating) by 3.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 13,129 shares of the company’s stock after buying an additional 422 shares during the quarter. Marcum Wealth LLC’s holdings in VICI Properties were worth $391,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VICI. 180 Wealth Advisors LLC grew its position in VICI Properties by 4.5% during the 1st quarter. 180 Wealth Advisors LLC now owns 7,969 shares of the company’s stock worth $238,000 after acquiring an additional 342 shares during the last quarter. CVA Family Office LLC grew its position in VICI Properties by 92.0% during the 2nd quarter. CVA Family Office LLC now owns 866 shares of the company’s stock worth $26,000 after acquiring an additional 415 shares during the last quarter. Johnson Financial Group Inc. grew its position in VICI Properties by 3.7% during the 4th quarter. Johnson Financial Group Inc. now owns 12,360 shares of the company’s stock worth $372,000 after acquiring an additional 438 shares during the last quarter. NTB Financial Corp grew its position in VICI Properties by 5.8% during the 1st quarter. NTB Financial Corp now owns 8,005 shares of the company’s stock worth $228,000 after acquiring an additional 440 shares during the last quarter. Finally, Ellevest Inc. grew its position in VICI Properties by 51.1% during the 1st quarter. Ellevest Inc. now owns 1,313 shares of the company’s stock worth $37,000 after acquiring an additional 444 shares during the last quarter.

VICI Properties Stock Down 1.7 %

Shares of VICI Properties stock opened at $31.49 on Friday. VICI Properties Inc. has a 12 month low of $26.23 and a 12 month high of $35.69. The business has a fifty day simple moving average of $33.67 and a 200 day simple moving average of $30.79. The stock has a market cap of $30.33 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 3.03 and a beta of 0.96.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 22nd will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, September 21st. This is a positive change from VICI Properties’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 4.95%. VICI Properties’s payout ratio is currently 154.46%.

Wall Street Analyst Weigh In

VICI has been the topic of a number of research analyst reports. Evercore ISI restated an “outperform” rating and set a $37.00 price target on shares of VICI Properties in a research report on Wednesday, July 20th. LADENBURG THALM/SH SH increased their price objective on VICI Properties from $33.50 to $36.00 in a research report on Wednesday, July 27th. Raymond James increased their price objective on VICI Properties from $36.00 to $38.00 and gave the company a “strong-buy” rating in a research report on Friday, July 8th. Citigroup increased their price objective on VICI Properties to $39.00 in a research report on Monday, August 22nd. Finally, Truist Financial increased their price objective on VICI Properties from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, July 20th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, VICI Properties has an average rating of “Buy” and a consensus price target of $36.45.

About VICI Properties

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VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.

See Also

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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