Wealth Quarterback LLC Has $422,000 Holdings in VICI Properties Inc. $VICI

Wealth Quarterback LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 83.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,945 shares of the company’s stock after buying an additional 5,890 shares during the quarter. Wealth Quarterback LLC’s holdings in VICI Properties were worth $422,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VICI. Hantz Financial Services Inc. boosted 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 acquiring an additional 724 shares during the last quarter. Hoey Investments Inc. bought a new stake in shares of VICI Properties during the 2nd quarter valued at $33,000. Avalon Trust Co acquired a new position in shares of VICI Properties in the 1st quarter valued at $35,000. Investment Management Corp VA ADV boosted its position in shares of VICI Properties by 171.3% in the 1st 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 during the last quarter. Finally, Kestra Investment Management LLC grew its stake in shares of VICI Properties by 55.5% during the first quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after purchasing an additional 634 shares during the period. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Wells Fargo & Company upped their price target on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Stifel Nicolaus cut their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Evercore ISI reduced their price objective on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Finally, Citigroup restated a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $35.69.

VICI Properties Trading Up 0.7%

NYSE VICI opened at $30.64 on Wednesday. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The firm has a market cap of $32.75 billion, a P/E ratio of 11.69, a P/E/G ratio of 3.03 and a beta of 0.72. The stock’s 50-day moving average is $31.66 and its 200-day moving average is $32.22.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.VICI Properties’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, September 18th. 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 5.9%. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

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.