VICI Properties Inc. $VICI Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,290 shares of the company’s stock after acquiring an additional 644 shares during the period. DAVENPORT & Co LLC’s holdings in VICI Properties were worth $368,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VICI. Farther Finance Advisors LLC lifted its stake in VICI Properties by 26.7% during the 1st quarter. Farther Finance Advisors LLC now owns 10,201 shares of the company’s stock worth $331,000 after acquiring an additional 2,152 shares in the last quarter. SG Americas Securities LLC lifted its stake in VICI Properties by 227.9% during the 1st quarter. SG Americas Securities LLC now owns 91,974 shares of the company’s stock worth $3,000,000 after acquiring an additional 63,926 shares in the last quarter. CX Institutional acquired a new position in VICI Properties during the 1st quarter worth about $240,000. Simon Quick Advisors LLC acquired a new position in VICI Properties during the 1st quarter worth about $375,000. Finally, Fifth Third Bancorp raised its position in VICI Properties by 18.3% in the 1st quarter. Fifth Third Bancorp now owns 54,363 shares of the company’s stock valued at $1,773,000 after purchasing an additional 8,405 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Evercore ISI increased their price target 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 reaffirmed a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Mizuho increased their price target on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. JMP Securities set a $35.00 price target on VICI Properties in a research report on Tuesday, July 22nd. Finally, Morgan Stanley increased their price target on VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

VICI Properties Trading Down 0.0%

VICI opened at $30.97 on Monday. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03. The company has a market cap of $33.03 billion, a P/E ratio of 11.87, a PEG ratio of 3.09 and a beta of 0.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The business’s 50-day simple moving average is $32.78 and its 200-day simple moving average is $32.36.

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

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Thursday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio (DPR) is currently 68.97%.

VICI Properties Company 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.