6,385 Shares in VICI Properties Inc. $VICI Acquired by Principle Wealth Partners LLC

Principle Wealth Partners LLC bought a new position in shares of VICI Properties Inc. (NYSE:VICI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,385 shares of the company’s stock, valued at approximately $208,000.

Other large investors have also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of VICI Properties during the first quarter worth approximately $29,000. Hoey Investments Inc. purchased a new stake in shares of VICI Properties during the second quarter worth approximately $33,000. Avalon Trust Co purchased a new stake in shares of VICI Properties during the first quarter worth approximately $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 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 first quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after buying an additional 634 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI opened at $31.24 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 firm has a market cap of $33.31 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 3.13 and a beta of 0.72. The company’s 50 day simple moving average is $32.40 and its 200-day simple moving average is $32.33. 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, hitting analysts’ consensus estimates of $0.60. The business had revenue of $1 billion for 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%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders 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 dividend yield of 5.8%. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. VICI Properties’s payout ratio is 68.97%.

Analysts Set New Price Targets

A number of research firms recently weighed in on VICI. Citigroup restated a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of VICI Properties in a research note on Friday. Wells Fargo & Company increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Evercore ISI increased their price target on shares of VICI Properties from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and a consensus target price of $36.08.

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.