Nwam LLC Takes $214,000 Position in VICI Properties Inc. $VICI

Nwam LLC purchased a new position in shares of VICI Properties Inc. (NYSE:VICI) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 6,592 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its stake in VICI Properties by 489.2% during the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after purchasing an additional 724 shares during the last quarter. Hoey Investments Inc. bought a new position in shares of VICI Properties in the 2nd quarter valued at $33,000. Avalon Trust Co acquired a new position in shares of VICI Properties during the 1st quarter worth $35,000. Investment Management Corp VA ADV raised its holdings in shares of VICI Properties by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock worth $37,000 after buying an additional 709 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its position in shares of VICI Properties by 55.5% during the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after buying an additional 634 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VICI shares. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Barclays upped their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Stifel Nicolaus dropped their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Evercore ISI decreased their target price 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, JPMorgan Chase & Co. upped their price target on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.69.

VICI Properties Stock Down 0.5%

NYSE:VICI opened at $30.43 on Friday. 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 company has a market cap of $32.52 billion, a PE ratio of 11.61, a P/E/G ratio of 3.04 and a beta of 0.72. The firm’s 50 day simple moving average is $31.54 and its 200 day simple moving average is $32.19.

VICI Properties (NYSE:VICI) last released its quarterly earnings results 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 net margin of 70.18% and a return on equity of 10.17%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The company’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. On average, research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

VICI Properties 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.