Skandinaviska Enskilda Banken AB publ Raises Holdings in VICI Properties Inc. $VICI

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 790,649 shares of the company’s stock after buying an additional 57,211 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.07% of VICI Properties worth $25,775,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chesley Taft & Associates LLC lifted its stake in shares of VICI Properties by 3.6% during the 2nd quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock worth $304,000 after purchasing an additional 324 shares during the last quarter. Wright Investors Service Inc. raised its holdings in VICI Properties by 0.4% in the second quarter. Wright Investors Service Inc. now owns 74,517 shares of the company’s stock worth $2,429,000 after purchasing an additional 330 shares in the last quarter. Provident Investment Management Inc. lifted its position in shares of VICI Properties by 1.5% during the first quarter. Provident Investment Management Inc. now owns 23,785 shares of the company’s stock valued at $776,000 after buying an additional 350 shares during the last quarter. Heritage Wealth Advisors boosted its holdings in shares of VICI Properties by 18.9% in the 2nd quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock valued at $72,000 after buying an additional 350 shares in the last quarter. Finally, Bell Investment Advisors Inc boosted its holdings in shares of VICI Properties by 32.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after buying an additional 351 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wells Fargo & Company restated an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. The Goldman Sachs Group decreased their price target on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday. Cantor Fitzgerald dropped their price target on VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, November 19th. Finally, Scotiabank lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average price target of $35.29.

VICI Properties Stock Up 0.6%

Shares of VICI stock opened at $28.99 on Friday. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.03. The firm has a market capitalization of $30.98 billion, a PE ratio of 11.06, a P/E/G ratio of 2.87 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The stock’s 50-day simple moving average is $30.72 and its 200-day simple moving average is $32.00.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the firm earned $0.57 earnings per share. VICI Properties’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. Equities analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were given a dividend of $0.45 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Thursday, September 18th. VICI Properties’s payout ratio is presently 68.70%.

About VICI Properties

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.