Janney Montgomery Scott LLC Buys 100,660 Shares of VICI Properties Inc. $VICI

Janney Montgomery Scott LLC grew its position in VICI Properties Inc. (NYSE:VICI) by 17.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 687,715 shares of the company’s stock after purchasing an additional 100,660 shares during the period. Janney Montgomery Scott LLC’s holdings in VICI Properties were worth $18,788,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bayban purchased a new stake in shares of VICI Properties during the 4th quarter valued at $25,000. State of Wyoming bought a new stake in shares of VICI Properties in the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. purchased a new stake in shares of VICI Properties during the fourth quarter worth $28,000. Headlands Technologies LLC purchased a new stake in VICI Properties during the 2nd quarter worth about $28,000. Finally, Reflection Asset Management purchased a new stake in shares of VICI Properties in the fourth quarter worth about $29,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Scotiabank lowered their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Barclays boosted their price target on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Mizuho reaffirmed a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a research note on Wednesday, March 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada initiated coverage on VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.86.

VICI Properties Stock Performance

Shares of VICI opened at $26.55 on Wednesday. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average price is $27.98 and its 200-day moving average price is $28.29. VICI Properties Inc. has a 52 week low of $26.08 and a 52 week high of $34.01. The stock has a market cap of $28.38 billion, a P/E ratio of 9.09 and a beta of 0.65.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm posted $0.58 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Equities research analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.8%. The ex-dividend date is Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

VICI Properties Profile

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.