Vestmark Advisory Solutions Inc. Sells 37,623 Shares of VICI Properties Inc. $VICI

Vestmark Advisory Solutions Inc. decreased its stake in VICI Properties Inc. (NYSE:VICI) by 47.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,093 shares of the company’s stock after selling 37,623 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in VICI Properties were worth $1,372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in VICI. Hantz Financial Services Inc. grew its position in VICI Properties by 489.2% in the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after acquiring an additional 724 shares in the last quarter. Hoey Investments Inc. purchased a new stake in VICI Properties during the second quarter valued at about $33,000. Avalon Trust Co bought a new stake in VICI Properties during the first quarter worth about $35,000. Investment Management Corp VA ADV lifted its stake in 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 during the last quarter. Finally, Kestra Investment Management LLC boosted its holdings in shares of VICI Properties by 55.5% in the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after purchasing an additional 634 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 1.8%

Shares of NYSE VICI opened at $30.33 on Monday. The firm has a fifty day simple moving average of $31.78 and a two-hundred day simple moving average of $32.24. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.03. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $32.41 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The company 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 annualized dividend and a yield of 5.9%. 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 presently 68.70%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VICI shares. Barclays raised their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Wells Fargo & Company lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Citigroup restated a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Mizuho increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Finally, Stifel Nicolaus lowered their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.69.

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.