HBK Sorce Advisory LLC Makes New $896,000 Investment in VICI Properties Inc. $VICI

HBK Sorce Advisory LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,492 shares of the company’s stock, valued at approximately $896,000.

Several other large investors have also recently modified their holdings of VICI. CWM LLC lifted its stake in shares of VICI Properties by 1.7% in the 3rd quarter. CWM LLC now owns 96,436 shares of the company’s stock valued at $3,145,000 after acquiring an additional 1,594 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in VICI Properties by 635.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,676 shares of the company’s stock worth $120,000 after purchasing an additional 3,176 shares during the period. Norden Group LLC lifted its position in VICI Properties by 9.9% in the third quarter. Norden Group LLC now owns 23,600 shares of the company’s stock valued at $770,000 after purchasing an additional 2,117 shares during the last quarter. World Investment Advisors boosted its stake in shares of VICI Properties by 3.6% during the third quarter. World Investment Advisors now owns 11,353 shares of the company’s stock valued at $370,000 after purchasing an additional 397 shares during the period. Finally, Gilman Hill Asset Management LLC grew its holdings in shares of VICI Properties by 3.2% in the third quarter. Gilman Hill Asset Management LLC now owns 273,087 shares of the company’s stock worth $8,905,000 after purchasing an additional 8,402 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 0.5%

Shares of NYSE VICI opened at $28.28 on Tuesday. VICI Properties Inc. has a 1 year low of $27.56 and a 1 year high of $34.03. The stock has a market cap of $30.22 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 2.80 and a beta of 0.70. The firm has a 50-day moving average of $29.19 and a 200 day moving average of $31.46. 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 (NYSE:VICI) last announced its quarterly earnings data 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. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. The business’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, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

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

Analyst Upgrades and Downgrades

VICI has been the subject of a number of recent analyst reports. Cantor Fitzgerald lowered their price target on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 22nd. Evercore ISI reissued an “in-line” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Finally, Barclays lowered their price objective on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.36.

About VICI Properties

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.