Chilton Capital Management LLC Trims Stock Position in VICI Properties Inc. $VICI

Chilton Capital Management LLC cut its position in VICI Properties Inc. (NYSE:VICI) by 1.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 197,279 shares of the company’s stock after selling 3,351 shares during the quarter. Chilton Capital Management LLC’s holdings in VICI Properties were worth $6,497,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of VICI Properties in the first quarter worth $29,000. Hoey Investments Inc. purchased a new stake in shares of VICI Properties in the 2nd quarter valued at about $33,000. Avalon Trust Co bought a new stake in shares of VICI Properties during the 1st quarter valued at about $35,000. Investment Management Corp VA ADV grew its holdings 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 position in shares of VICI Properties by 55.5% in 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 during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VICI. JPMorgan Chase & Co. lifted their target price on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. JMP Securities set a $35.00 price objective on shares of VICI Properties in a report on Tuesday, July 22nd. Scotiabank increased their target price on 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 lifted their price target on VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley increased their price objective on VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.08.

VICI Properties Price Performance

VICI opened at $31.24 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.03. The stock’s 50 day simple moving average is $32.40 and its 200 day simple moving average is $32.35. The firm has a market cap of $33.31 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 3.11 and a beta of 0.72.

VICI Properties (NYSE:VICI) last released 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 return on equity of 10.21% and a net margin of 70.20%.The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business’s quarterly 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 predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were issued a $0.45 dividend. 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 was Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 68.97%.

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.