Berger Financial Group Inc Has $6.15 Million Stock Position in VICI Properties Inc. $VICI

Berger Financial Group Inc cut its position in VICI Properties Inc. (NYSE:VICI) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,776 shares of the company’s stock after selling 320 shares during the quarter. Berger Financial Group Inc’s holdings in VICI Properties were worth $6,154,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. grew its position in shares of VICI Properties by 122.2% in the second quarter. QRG Capital Management Inc. now owns 698,400 shares of the company’s stock valued at $22,768,000 after purchasing an additional 384,037 shares during the last quarter. Cornell Pochily Investment Advisors Inc. grew its holdings in VICI Properties by 15.0% in the 2nd quarter. Cornell Pochily Investment Advisors Inc. now owns 15,015 shares of the company’s stock valued at $489,000 after buying an additional 1,954 shares during the last quarter. CHURCHILL MANAGEMENT Corp grew its holdings in VICI Properties by 2.0% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 344,598 shares of the company’s stock valued at $11,234,000 after buying an additional 6,647 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in VICI Properties by 9.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,103,780 shares of the company’s stock worth $68,583,000 after buying an additional 174,275 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of VICI Properties during the second quarter worth approximately $240,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE:VICI opened at $32.65 on Friday. The firm has a market capitalization of $34.81 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 3.25 and a beta of 0.72. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03. The firm has a 50-day moving average price of $32.90 and a 200 day moving average price of $32.37.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.5%. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 68.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VICI. Mizuho boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Evercore ISI boosted their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their target price on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Finally, Scotiabank boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $36.00.

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.