VICI Properties Inc. $VICI Stock Acquired by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 31.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,063 shares of the company’s stock after buying an additional 37,394 shares during the quarter. Hohimer Wealth Management LLC’s holdings in VICI Properties were worth $3,562,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VICI. BlackRock Inc. acquired a new stake in shares of VICI Properties in the second quarter valued at $3,433,817,000. State Street Corp boosted its holdings in VICI Properties by 4.5% in the second quarter. State Street Corp now owns 67,155,780 shares of the company’s stock valued at $1,812,259,000 after purchasing an additional 2,920,133 shares during the period. Allianz Asset Management GmbH grew its stake in VICI Properties by 1.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 31,527,182 shares of the company’s stock worth $837,047,000 after purchasing an additional 566,922 shares in the last quarter. Bank of America Corp DE acquired a new position in VICI Properties during the 2nd quarter worth $778,709,000. Finally, Dimensional Fund Advisors LP grew its stake in VICI Properties by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 15,457,602 shares of the company’s stock worth $422,294,000 after purchasing an additional 344,355 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VICI. Truist Financial reduced their price target on VICI Properties from $38.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, October 20th. JPMorgan Chase & Co. cut VICI Properties from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Thursday, September 24th. Stifel Nicolaus reduced their target price on shares of VICI Properties from $34.00 to $30.75 and set a “buy” rating on the stock in a report on Thursday, October 29th. Barclays reduced their target price on shares of VICI Properties from $31.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, October 20th. Finally, Mizuho decreased their price target on shares of VICI Properties from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, September 2nd. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.46.

VICI Properties Stock Performance

Shares of VICI opened at $24.80 on Monday. The stock has a 50 day moving average price of $24.02 and a 200 day moving average price of $26.87. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $27.30 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 1.98 and a beta of 0.64. VICI Properties Inc. has a 52-week low of $22.42 and a 52-week high of $30.83.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.41). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. VICI Properties had a return on equity of 8.10% and a net margin of 56.46%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. Research analysts predict that VICI Properties Inc. will post 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.4%. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, September 17th. VICI Properties’s payout ratio is presently 84.40%.

Key VICI Properties News

Here are the key news stories impacting VICI Properties this week:

• Positive Sentiment: A Motley Fool article points to VICI’s long-term leases, full occupancy and an estimated 7.3% forward dividend yield as reasons investors may find the REIT attractive. Article: If I Could Put $10,000 Into Just 1 Dividend Grower in November
• Positive Sentiment: Coverage of a $2 billion buyback raises the prospect of another source of shareholder returns, though the headline frames it as an investment opportunity rather than providing details on timing or execution. Article: VICI’s $2 billion buyback: A massive buying opportunity?
• Neutral Sentiment: Citigroup and Cantor Fitzgerald maintained Buy ratings, signaling continued optimism, but both lowered their price targets. Article: Citi Sticks to Its Buy Rating for VICI Properties Article: Cantor Fitzgerald Sticks to Its Buy Rating for VICI Properties
• Negative Sentiment: Citigroup cut its target to $30 from $36, while keeping its Buy rating; Cantor Fitzgerald also reduced its target. The lower expectations may weigh on sentiment, although Citi’s new target still implies potential upside from the cited $24.80 share price. Article: VICI Properties Stock Price Target Lowered at Citigroup Article: VICI Properties Stock Price Target Cut by Cantor Fitzgerald

About VICI Properties

VICI Properties Inc is a real estate investment trust that owns experiential properties, with a portfolio focused primarily on casinos and other gaming-related destinations. Its properties include gaming facilities, hotels, restaurants and entertainment venues.

The company leases its properties to operators under long-term agreements, generally structured as triple-net leases, in which tenants are responsible for expenses such as property taxes, insurance and maintenance. VICI also owns golf courses and other leisure-related properties.

VICI was established in 2017 as part of Caesars Entertainment’s restructuring and became an independent, publicly traded company in 2018.