US Bancorp DE Has $8.49 Million Stock Position in VICI Properties Inc. $VICI

US Bancorp DE lowered its stake in shares of VICI Properties Inc. (NYSE:VICI) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 260,414 shares of the company’s stock after selling 5,209 shares during the period. US Bancorp DE’s holdings in VICI Properties were worth $8,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of VICI Properties during the first quarter worth about $29,000. Hoey Investments Inc. bought a new stake in shares of VICI Properties during the second quarter worth about $33,000. Avalon Trust Co bought a new stake in shares of VICI Properties during the first quarter worth about $35,000. Investment Management Corp VA ADV increased 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 acquiring an additional 709 shares in the last quarter. Finally, Kestra Investment Management LLC increased its position 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 acquiring an additional 634 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Down 0.0%

Shares of VICI Properties stock opened at $30.97 on Friday. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.03. The stock’s 50-day simple moving average is $32.78 and its 200 day simple moving average is $32.36. The stock has a market capitalization of $33.03 billion, a P/E ratio of 11.87, a P/E/G ratio of 3.09 and a beta of 0.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. VICI Properties’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This is an increase 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 5.8%. VICI Properties’s dividend payout ratio is 68.97%.

Analysts Set New Price Targets

Several research firms have recently commented on VICI. Evercore ISI boosted their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Cantor Fitzgerald started coverage on shares of VICI Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $37.00 price target on the stock. Morgan Stanley raised their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price target on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Finally, Stifel Nicolaus boosted their price objective on VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $36.00.

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.