Wilsey Asset Management Inc. Raises Stake in VICI Properties Inc. $VICI

Wilsey Asset Management Inc. lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 1.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 957,643 shares of the company’s stock after buying an additional 17,632 shares during the period. VICI Properties makes up about 5.8% of Wilsey Asset Management Inc.’s investment portfolio, making the stock its 9th largest position. Wilsey Asset Management Inc.’s holdings in VICI Properties were worth $31,219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in VICI. Toronto Dominion Bank lifted its stake in shares of VICI Properties by 7.5% in the 4th quarter. Toronto Dominion Bank now owns 562,820 shares of the company’s stock worth $16,440,000 after purchasing an additional 39,143 shares during the period. United Advisor Group LLC lifted its stake in shares of VICI Properties by 9.8% in the 4th quarter. United Advisor Group LLC now owns 7,430 shares of the company’s stock worth $217,000 after purchasing an additional 663 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in VICI Properties during the 4th quarter worth approximately $39,954,000. Total Wealth Planning & Management Inc. bought a new stake in VICI Properties during the 4th quarter worth approximately $395,000. Finally, Park Square Financial Group LLC purchased a new position in VICI Properties during the fourth quarter valued at approximately $64,000. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Mizuho raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Citigroup restated a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Morgan Stanley raised their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Scotiabank raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Finally, JMP Securities set a $35.00 price objective on shares of VICI Properties in a research report on Tuesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.92.

VICI Properties Trading Up 1.4%

VICI Properties stock opened at $31.87 on Wednesday. The stock has a market cap of $33.99 billion, a P/E ratio of 12.21, a PEG ratio of 3.14 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.03. The firm’s 50 day moving average price is $33.01 and its 200-day moving average price is $32.36.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, equities analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 5.6%. VICI Properties’s dividend payout ratio (DPR) is 68.97%.

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.