Parkside Financial Bank & Trust Has $328,000 Stock Holdings in VICI Properties Inc. $VICI

Parkside Financial Bank & Trust raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 19.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 10,058 shares of the company’s stock after purchasing an additional 1,655 shares during the period. Parkside Financial Bank & Trust’s holdings in VICI Properties were worth $328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. raised its stake in shares of 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 purchasing an additional 724 shares in the last quarter. Hoey Investments Inc. acquired a new position in VICI Properties during the 2nd quarter worth $33,000. Avalon Trust Co bought a new stake in VICI Properties during the 1st quarter valued at approximately $35,000. Investment Management Corp VA ADV boosted its position in shares of VICI Properties by 171.3% in the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after acquiring an additional 709 shares during the period. Finally, Kestra Investment Management LLC boosted its holdings in VICI Properties by 55.5% in the 1st 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 currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VICI shares. Barclays lifted their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Stifel Nicolaus decreased their price objective 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. Cantor Fitzgerald lowered their target price on VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday. Weiss Ratings lowered shares of VICI Properties from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday. Finally, Evercore ISI dropped their price objective on VICI Properties from $38.00 to $36.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $35.69.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $30.33 on Monday. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.03. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $32.41 billion, a PE ratio of 11.58, a PEG ratio of 3.02 and a beta of 0.72. The stock’s fifty day simple moving average is $31.78 and its 200 day simple moving average is $32.24.

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. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the firm earned $0.57 EPS. VICI Properties’s quarterly revenue was up 4.4% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The company 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.9%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. VICI Properties’s dividend payout ratio is presently 68.70%.

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.