MGO One Seven LLC Has $383,000 Stock Position in VICI Properties Inc. $VICI

MGO One Seven LLC reduced its position in shares of VICI Properties Inc. (NYSE:VICI) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,747 shares of the company’s stock after selling 450 shares during the quarter. MGO One Seven LLC’s holdings in VICI Properties were worth $383,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in VICI Properties during the 1st quarter valued at about $29,000. Hoey Investments Inc. purchased a new position in shares of VICI Properties in the 2nd quarter worth approximately $33,000. Avalon Trust Co purchased a new position in VICI Properties in the first quarter worth $35,000. Investment Management Corp VA ADV grew its position in VICI Properties by 171.3% during the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after buying an additional 709 shares during the period. Finally, Kestra Investment Management LLC increased its stake in shares of VICI Properties by 55.5% during the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after purchasing an additional 634 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Up 0.5%

Shares of NYSE VICI opened at $30.89 on Friday. 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 business has a 50-day moving average of $32.55 and a 200-day moving average of $32.32. The firm has a market capitalization of $32.94 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 3.07 and a beta of 0.72. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.03.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $1 billion during 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%. VICI Properties’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VICI shares. 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 note on Monday, September 15th. JPMorgan Chase & Co. raised their target price on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Scotiabank raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Cantor Fitzgerald initiated coverage on shares of VICI Properties in a report on Wednesday, October 1st. They set an “overweight” rating and a $37.00 target price on the stock. Finally, Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, VICI Properties has a consensus 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.