VICI Properties Inc. $VICI Shares Bought by Ibex Wealth Advisors

Ibex Wealth Advisors raised its position in shares of VICI Properties Inc. (NYSE:VICI) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,925 shares of the company’s stock after buying an additional 12,124 shares during the period. Ibex Wealth Advisors’ holdings in VICI Properties were worth $5,833,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. lifted its stake in 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 in the last quarter. Hoey Investments Inc. purchased a new stake in VICI Properties during the second quarter worth about $33,000. Avalon Trust Co purchased a new stake in VICI Properties during the first quarter worth about $35,000. Investment Management Corp VA ADV lifted its position 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 worth $37,000 after purchasing an additional 709 shares in the last quarter. Finally, Kestra Investment Management LLC boosted its stake 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 valued at $58,000 after purchasing an additional 634 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI opened at $30.33 on Monday. The company has a market capitalization of $32.41 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 3.02 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 stock has a 50 day moving average price of $31.78 and a 200 day moving average price of $32.24.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the company earned $0.57 earnings per share. 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. Research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.9%. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s dividend payout ratio is presently 68.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VICI shares. Cantor Fitzgerald cut their target price on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday. Citigroup restated a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Wells Fargo & Company upped their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Weiss Ratings lowered VICI Properties from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday. Finally, Stifel Nicolaus lowered their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $35.69.

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.