VICI Properties Inc. $VICI Shares Acquired by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. increased its stake in VICI Properties Inc. (NYSE:VICI) by 15.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,015 shares of the company’s stock after acquiring an additional 1,954 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in VICI Properties were worth $489,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of VICI Properties in the first quarter worth approximately $29,000. Hoey Investments Inc. acquired a new stake in shares of VICI Properties in the second quarter worth approximately $33,000. Avalon Trust Co acquired a new stake in shares of VICI Properties in the first quarter worth approximately $35,000. Investment Management Corp VA ADV boosted its position in shares of VICI Properties by 171.3% in the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock worth $37,000 after acquiring an additional 709 shares during the last quarter. Finally, Kestra Investment Management LLC boosted its position in shares of VICI Properties by 55.5% in the first quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after acquiring an additional 634 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VICI. Wells Fargo & Company raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Morgan Stanley lifted their price target 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. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

VICI Properties Trading Down 0.5%

VICI opened at $32.75 on Friday. The firm has a market capitalization of $34.92 billion, a P/E ratio of 12.55, a P/E/G ratio of 3.28 and a beta of 0.72. The firm’s 50 day moving average is $32.92 and its 200-day moving average is $32.37. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.03. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62.

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

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be paid a dividend of $0.45 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Thursday, September 18th. VICI Properties’s payout ratio is 68.97%.

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.