Carmel Capital Partners LLC Sells 8,551 Shares of VICI Properties Inc. $VICI

Carmel Capital Partners LLC decreased its position in shares of VICI Properties Inc. (NYSE:VICI) by 31.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,913 shares of the company’s stock after selling 8,551 shares during the period. Carmel Capital Partners LLC’s holdings in VICI Properties were worth $617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blackhawk Capital Partners LLC. grew its holdings in VICI Properties by 102.3% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company’s stock valued at $643,000 after buying an additional 9,967 shares in the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new stake in VICI Properties during the 1st quarter valued at approximately $2,170,000. Dynamic Advisor Solutions LLC purchased a new stake in VICI Properties during the 1st quarter valued at approximately $324,000. DAVENPORT & Co LLC grew its holdings in VICI Properties by 3.9% during the 1st quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company’s stock valued at $347,000 after buying an additional 403 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. purchased a new stake in VICI Properties during the 1st quarter valued at approximately $11,032,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 0.5%

VICI stock opened at $30.89 on Friday. 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 Inc. has a twelve month low of $27.98 and a twelve month high of $34.03. The stock has a market capitalization of $32.94 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 3.06 and a beta of 0.72. The firm’s fifty day simple moving average is $32.55 and its two-hundred day simple moving average is $32.31.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $991.59 million. During the same quarter in the previous year, the business posted $0.57 earnings per share. The business’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, analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.8%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 68.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Mizuho raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Morgan Stanley raised their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of VICI Properties in a report on Wednesday, October 8th. Finally, Citigroup reissued a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Thirteen equities 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 company currently has an average rating of “Moderate Buy” and a consensus 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.