Thoroughbred Financial Services LLC Purchases 3,130 Shares of VICI Properties Inc. $VICI

Thoroughbred Financial Services LLC boosted its position in VICI Properties Inc. (NYSE:VICI) by 34.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,195 shares of the company’s stock after purchasing an additional 3,130 shares during the period. Thoroughbred Financial Services LLC’s holdings in VICI Properties were worth $397,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its stake in shares of 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 buying an additional 724 shares during the period. Hoey Investments Inc. bought a new stake in VICI Properties during the 2nd quarter worth approximately $33,000. Avalon Trust Co acquired a new position in VICI Properties in the 1st quarter valued at approximately $35,000. Investment Management Corp VA ADV increased its position in VICI Properties by 171.3% in the 1st 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 raised 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 valued at $58,000 after acquiring an additional 634 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on VICI. Mizuho boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Scotiabank lifted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. 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 report on Wednesday, August 27th. Stifel Nicolaus decreased their price target on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Barclays lifted their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.69.

VICI Properties Stock Performance

Shares of VICI opened at $30.14 on Tuesday. 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 firm’s fifty day simple moving average is $31.41 and its two-hundred day simple moving average is $32.17. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.03. The stock has a market capitalization of $32.22 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the business earned $0.57 EPS. The firm’s 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. As a group, analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.0%. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s payout ratio 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.