VICI Properties Inc. $VICI Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,184 shares of the company’s stock after purchasing an additional 18,227 shares during the period. Wealthfront Advisers LLC’s holdings in VICI Properties were worth $8,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Chesley Taft & Associates LLC raised its position in VICI Properties by 3.6% in the 2nd quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock valued at $304,000 after purchasing an additional 324 shares in the last quarter. Wright Investors Service Inc. raised its position in VICI Properties by 0.4% in the 2nd quarter. Wright Investors Service Inc. now owns 74,517 shares of the company’s stock valued at $2,429,000 after purchasing an additional 330 shares in the last quarter. Provident Investment Management Inc. raised its position in VICI Properties by 1.5% in the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company’s stock valued at $776,000 after purchasing an additional 350 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in VICI Properties by 8.5% in the 1st quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company’s stock valued at $150,000 after purchasing an additional 359 shares in the last quarter. Finally, Leo Wealth LLC raised its position in VICI Properties by 5.7% in the 2nd quarter. Leo Wealth LLC now owns 7,271 shares of the company’s stock valued at $237,000 after purchasing an additional 391 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Down 0.8%

NYSE:VICI opened at $30.95 on Tuesday. The stock’s 50 day moving average price is $32.37 and its 200 day moving average price is $32.37. The company has a market capitalization of $33.00 billion, a PE ratio of 11.86, a P/E/G ratio of 3.11 and a beta of 0.72. 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 Inc. has a 52-week low of $27.98 and a 52-week high of $34.03.

VICI Properties (NYSE:VICI) last released its quarterly 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 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 quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders 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 yield of 5.8%. The ex-dividend date of this dividend was Thursday, September 18th. 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 Analysts Forecast Growth

A number of research analysts have recently commented on the company. Mizuho increased their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. 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 report on Tuesday, July 8th. Stifel Nicolaus increased their price objective on VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, JMP Securities set a $35.00 price objective on VICI Properties in a report on Tuesday, July 22nd. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $36.08.

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.