JSF Financial LLC Purchases Shares of 35,547 VICI Properties Inc. $VICI

JSF Financial LLC acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the second quarter, HoldingsChannel reports. The fund acquired 35,547 shares of the company’s stock, valued at approximately $1,159,000.

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

VICI Properties Trading Down 0.3%

Shares of VICI stock opened at $32.65 on Friday. The stock has a market capitalization of $34.81 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 3.25 and a beta of 0.72. The stock’s 50-day moving average price is $32.90 and its 200-day moving average price is $32.37. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03.

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

VICI Properties Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on VICI. Evercore ISI boosted their price objective on VICI Properties from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Stifel Nicolaus boosted their price target on VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Wells Fargo & Company increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Finally, Cantor Fitzgerald started coverage on shares of VICI Properties in a report on Wednesday. They set an “overweight” rating and a $37.00 price objective for the company. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.00.

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.