Turtle Creek Wealth Advisors LLC Buys New Stake in VICI Properties Inc. $VICI

Turtle Creek Wealth Advisors LLC bought a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the second quarter, Holdings Channel reports. The fund bought 9,011 shares of the company’s stock, valued at approximately $294,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. Wayfinding Financial LLC acquired a new position in VICI Properties during the first quarter valued at $29,000. Hoey Investments Inc. purchased a new stake in shares of VICI Properties during the second quarter worth about $33,000. Avalon Trust Co purchased a new stake in shares of VICI Properties during the first quarter worth about $35,000. Investment Management Corp VA ADV increased its stake in shares of VICI Properties by 171.3% during the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock worth $37,000 after purchasing an additional 709 shares in the last quarter. Finally, Kestra Investment Management LLC increased its stake in shares of VICI Properties by 55.5% during the first quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after purchasing an additional 634 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Down 1.8%

Shares of NYSE VICI opened at $30.73 on Friday. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03. The stock has a market cap of $32.77 billion, a PE ratio of 11.77, a P/E/G ratio of 3.12 and a beta of 0.72. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $32.59 and a 200 day moving average of $32.33.

VICI Properties (NYSE:VICI) last announced 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. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.59 million. During the same quarter in the prior year, the company earned $0.57 EPS. VICI Properties’s revenue was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.9%. The ex-dividend date was Thursday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio (DPR) is presently 68.97%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VICI. Morgan Stanley boosted their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Evercore ISI boosted their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of VICI Properties in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus boosted their target price on shares of VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

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.