7,044 Shares in VICI Properties Inc. $VICI Bought by TFB Advisors LLC

TFB Advisors LLC bought a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,044 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of VICI. Blackhawk Capital Partners LLC. raised its position in shares of VICI Properties by 102.3% during the first 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 during the last quarter. Prevail Innovative Wealth Advisors LLC bought a new position in VICI Properties during the first quarter valued at about $2,170,000. DAVENPORT & Co LLC lifted its position in shares of VICI Properties by 3.9% in the 1st quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company’s stock worth $347,000 after acquiring an additional 403 shares during the period. Concurrent Investment Advisors LLC grew its holdings in shares of VICI Properties by 49.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 62,760 shares of the company’s stock worth $2,047,000 after purchasing an additional 20,855 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of VICI Properties by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 5,668,425 shares of the company’s stock worth $184,904,000 after purchasing an additional 24,076 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Up 0.6%

Shares of VICI Properties stock opened at $31.45 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 capitalization of $33.54 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 3.12 and a beta of 0.72. The company has a 50-day simple moving average of $32.43 and a 200 day simple moving average of $32.32. 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 (NYSE:VICI) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS 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 firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same period in the previous year, the business earned $0.57 earnings per share. The company’s revenue for the quarter 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. Research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a yield of 5.7%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s payout ratio is 68.97%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VICI. Morgan Stanley upped their target price on VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Scotiabank increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Stifel Nicolaus raised their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Thirteen research 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 company presently has an average rating of “Moderate Buy” and an average price target of $36.08.

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.