SteelPeak Wealth LLC Acquires 19,474 Shares of VICI Properties Inc. $VICI

SteelPeak Wealth LLC increased its holdings in VICI Properties Inc. (NYSE:VICI) by 77.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 44,528 shares of the company’s stock after acquiring an additional 19,474 shares during the quarter. SteelPeak Wealth LLC’s holdings in VICI Properties were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EP Wealth Advisors LLC boosted its stake in shares of VICI Properties by 13.0% during the 1st quarter. EP Wealth Advisors LLC now owns 10,126 shares of the company’s stock worth $330,000 after acquiring an additional 1,161 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in VICI Properties by 130.3% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 70,840 shares of the company’s stock worth $2,312,000 after purchasing an additional 40,085 shares during the period. Ancora Advisors LLC lifted its position in VICI Properties by 1,169.0% during the first quarter. Ancora Advisors LLC now owns 2,538 shares of the company’s stock valued at $83,000 after purchasing an additional 2,338 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in VICI Properties by 7.8% during the first quarter. Advisors Asset Management Inc. now owns 36,384 shares of the company’s stock valued at $1,187,000 after purchasing an additional 2,642 shares during the period. Finally, AQR Capital Management LLC increased its position in VICI Properties by 15.4% in the first quarter. AQR Capital Management LLC now owns 1,480,773 shares of the company’s stock worth $47,740,000 after buying an additional 197,529 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VICI shares. Cantor Fitzgerald lowered their price objective on VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. The Goldman Sachs Group decreased their target price 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, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research report on Monday. Evercore ISI reissued an “in-line” rating and issued a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Finally, Stifel Nicolaus lowered their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Eleven 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 presently has an average rating of “Moderate Buy” and a consensus price target of $34.46.

VICI Properties Trading Down 0.0%

VICI Properties stock opened at $28.12 on Friday. The stock has a market cap of $30.05 billion, a P/E ratio of 10.73, a PEG ratio of 2.71 and a beta of 0.70. 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 Inc. has a 1 year low of $27.56 and a 1 year high of $34.03. The firm’s 50 day moving average price is $28.94 and its 200-day moving average price is $31.36.

VICI Properties (NYSE:VICI) last issued its earnings results 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. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. VICI Properties’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, equities analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.4%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.