SG Americas Securities LLC Trims Stake in VICI Properties Inc. $VICI

SG Americas Securities LLC lowered its position in VICI Properties Inc. (NYSE:VICI) by 30.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,758 shares of the company’s stock after selling 28,216 shares during the period. SG Americas Securities LLC’s holdings in VICI Properties were worth $2,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of VICI. Hantz Financial Services Inc. lifted its stake in shares of VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after acquiring an additional 724 shares during the last quarter. Hoey Investments Inc. purchased a new stake in VICI Properties in the second quarter worth $33,000. Avalon Trust Co bought a new stake in shares of VICI Properties during the first quarter worth $35,000. Investment Management Corp VA ADV boosted its stake 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 valued at $37,000 after purchasing an additional 709 shares during the period. Finally, Kestra Investment Management LLC grew its holdings 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. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on VICI. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Thursday, November 13th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Tuesday. Barclays boosted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Cantor Fitzgerald reduced their price objective on VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, Evercore ISI decreased their target price on VICI Properties from $38.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.38.

VICI Properties Stock Performance

Shares of VICI stock opened at $29.14 on Thursday. The firm has a market cap of $31.14 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 2.94 and a beta of 0.72. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.03. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $31.26 and its 200 day moving average is $32.14.

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

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.2%. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. VICI Properties’s payout ratio 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.