VICI Properties Inc. $VICI Stock Position Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,040,230 shares of the company’s stock after buying an additional 65,670 shares during the period. Envestnet Asset Management Inc.’s holdings in VICI Properties were worth $294,710,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its holdings in VICI Properties by 7.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock worth $816,617,000 after buying an additional 1,755,385 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of VICI Properties by 205.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after purchasing an additional 11,458,239 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of VICI Properties by 13.2% in the 1st quarter. Northern Trust Corp now owns 13,743,229 shares of the company’s stock worth $448,304,000 after purchasing an additional 1,606,559 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of VICI Properties by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,491,589 shares of the company’s stock worth $440,096,000 after purchasing an additional 77,544 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of VICI Properties by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company’s stock worth $402,700,000 after purchasing an additional 135,836 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of VICI Properties in a report on Friday. Wells Fargo & Company raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Mizuho raised their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. Finally, Morgan Stanley raised their price target on VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus price target of $36.08.

VICI Properties Stock Down 0.6%

Shares of VICI Properties stock opened at $31.24 on Monday. The business’s fifty day moving average price is $32.40 and its two-hundred day moving average price is $32.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $33.31 billion, a P/E ratio of 11.97, a PEG ratio of 3.11 and a beta of 0.72. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year 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 for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The company also recently declared 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 is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. This represents a $1.80 annualized dividend and a dividend yield of 5.8%. VICI Properties’s payout ratio is 68.97%.

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.