Apollon Wealth Management LLC Acquires 635 Shares of VICI Properties Inc. (NYSE:VICI)

Apollon Wealth Management LLC raised its holdings in VICI Properties Inc. (NYSE:VICI) by 5.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,452 shares of the company’s stock after buying an additional 635 shares during the period. Apollon Wealth Management LLC’s holdings in VICI Properties were worth $381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital International Investors raised its stake in VICI Properties by 7.5% in the first quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock valued at $2,013,804,000 after buying an additional 4,728,903 shares during the period. Capital Research Global Investors increased its stake in shares of VICI Properties by 8.7% during the first quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock worth $1,117,978,000 after purchasing an additional 3,001,793 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of VICI Properties by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock worth $419,073,000 after purchasing an additional 201,899 shares during the period. Legal & General Group Plc increased its stake in shares of VICI Properties by 1.8% during the second quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock worth $413,163,000 after purchasing an additional 251,313 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in shares of VICI Properties by 6.6% during the second quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company’s stock worth $345,530,000 after purchasing an additional 751,078 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on VICI shares. Evercore ISI increased their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. JMP Securities increased their target price on VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Mizuho reduced their price target on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Trading Up 1.2 %

Shares of VICI stock opened at $31.67 on Monday. The stock’s fifty day moving average price is $32.58 and its two-hundred day moving average price is $30.91. The company has a market cap of $33.39 billion, a PE ratio of 11.73, a P/E/G ratio of 4.20 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.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date was Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

VICI Properties Profile

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.