Franklin Resources Inc. Purchases 689,785 Shares of VICI Properties Inc. $VICI

Franklin Resources Inc. increased its holdings in VICI Properties Inc. (NYSE:VICI) by 46.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,166,267 shares of the company’s stock after buying an additional 689,785 shares during the period. Franklin Resources Inc. owned 0.20% of VICI Properties worth $70,621,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in VICI. Hantz Financial Services Inc. raised its stake in VICI Properties by 489.2% in the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after purchasing an additional 724 shares in the last quarter. Hoey Investments Inc. purchased a new position in VICI Properties in the 2nd quarter worth approximately $33,000. Avalon Trust Co bought a new stake in VICI Properties during the 1st quarter valued at $35,000. Bell Investment Advisors Inc boosted its holdings in shares of VICI Properties by 32.7% during the second quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock worth $46,000 after purchasing an additional 351 shares during the period. Finally, Kestra Investment Management LLC lifted its holdings in 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 buying an additional 634 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VICI shares. Scotiabank lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. upped their price target on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Mizuho increased their target price on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Finally, Evercore ISI reduced their price objective 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.38.

VICI Properties Stock Down 0.3%

NYSE VICI opened at $28.73 on Tuesday. 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 has a market capitalization of $30.71 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 2.87 and a beta of 0.72. The stock’s 50-day moving average price is $31.00 and its 200-day moving average price is $32.08.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the firm posted $0.57 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, equities research analysts predict 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. Stockholders of record on Thursday, September 18th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. The ex-dividend date 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 68.70%.

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.