VICI Properties Inc. $VICI Position Reduced by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. trimmed its position in VICI Properties Inc. (NYSE:VICI) by 15.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,051 shares of the company’s stock after selling 2,065 shares during the quarter. Coldstream Capital Management Inc.’s holdings in VICI Properties were worth $360,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of VICI Properties by 4.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 12,911,883 shares of the company’s stock valued at $420,927,000 after acquiring an additional 566,710 shares during the period. Nemes Rush Group LLC acquired a new stake in VICI Properties during the 2nd quarter valued at $10,149,000. Rhumbline Advisers raised its stake in VICI Properties by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 2,087,494 shares of the company’s stock valued at $68,052,000 after purchasing an additional 28,783 shares during the period. AlphaCore Capital LLC purchased a new stake in shares of VICI Properties in the second quarter valued at $62,000. Finally, Mufg Securities Americas Inc. boosted its position in shares of VICI Properties by 25.5% in the second quarter. Mufg Securities Americas Inc. now owns 23,420 shares of the company’s stock worth $763,000 after buying an additional 4,760 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

NYSE VICI 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 stock’s 50-day moving average is $30.72 and its two-hundred day moving average is $32.00. The firm has a market cap of $30.98 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 2.87 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data 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 business 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 posted $0.57 EPS. The firm’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, analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were given a $0.45 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s payout ratio is 68.70%.

Wall Street Analyst Weigh In

VICI has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price target on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Scotiabank lifted their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Mizuho upped their target price on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Cantor Fitzgerald decreased their price target on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, The Goldman Sachs Group dropped their price objective on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.29.

VICI Properties Company 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.