Wealth Quarterback LLC Has $422,000 Position in VICI Properties Inc. $VICI

Wealth Quarterback LLC boosted its position in VICI Properties Inc. (NYSE:VICI) by 83.5% during the second quarter, Holdings Channel reports. The institutional investor owned 12,945 shares of the company’s stock after purchasing an additional 5,890 shares during the quarter. Wealth Quarterback LLC’s holdings in VICI Properties were worth $422,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. National Pension Service grew its stake in shares of VICI Properties by 0.6% during the 2nd quarter. National Pension Service now owns 2,035,630 shares of the company’s stock worth $66,362,000 after acquiring an additional 11,724 shares in the last quarter. Nwam LLC bought a new stake in shares of VICI Properties in the second quarter worth $214,000. Ibex Wealth Advisors boosted its holdings in VICI Properties by 7.3% during the second quarter. Ibex Wealth Advisors now owns 178,925 shares of the company’s stock worth $5,833,000 after purchasing an additional 12,124 shares during the last quarter. Vise Technologies Inc. bought a new position in VICI Properties in the second quarter valued at $1,497,000. Finally, Allworth Financial LP increased its stake in VICI Properties by 444.1% in the 2nd quarter. Allworth Financial LP now owns 26,795 shares of the company’s stock valued at $874,000 after buying an additional 21,870 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on VICI. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research note on Tuesday, July 22nd. Stifel Nicolaus reduced their price target on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Scotiabank boosted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. upped their price objective on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Finally, Weiss Ratings downgraded VICI Properties from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.69.

VICI Properties Price Performance

Shares of NYSE VICI opened at $30.64 on Wednesday. The business’s 50 day moving average price is $31.66 and its two-hundred day moving average price is $32.22. The company has a market cap of $32.75 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 3.03 and a beta of 0.72. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.03.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, analysts predict 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 5.9%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

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.