Burling Wealth Partners LLC Trims Stock Holdings in VICI Properties Inc. $VICI

Burling Wealth Partners LLC lowered its position in shares of VICI Properties Inc. (NYSE:VICI) by 23.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 54,673 shares of the company’s stock after selling 16,636 shares during the period. Burling Wealth Partners LLC’s holdings in VICI Properties were worth $1,782,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Chesley Taft & Associates LLC increased its stake in shares of VICI Properties by 3.6% in the 2nd quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock worth $304,000 after acquiring an additional 324 shares in the last quarter. Wright Investors Service Inc. grew its holdings in VICI Properties by 0.4% in the second quarter. Wright Investors Service Inc. now owns 74,517 shares of the company’s stock worth $2,429,000 after purchasing an additional 330 shares during the period. Provident Investment Management Inc. increased its stake in shares of VICI Properties by 1.5% during the first quarter. Provident Investment Management Inc. now owns 23,785 shares of the company’s stock valued at $776,000 after purchasing an additional 350 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of VICI Properties by 8.5% during the first quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company’s stock valued at $150,000 after purchasing an additional 359 shares in the last quarter. Finally, Leo Wealth LLC lifted its holdings in shares of VICI Properties by 5.7% during the second quarter. Leo Wealth LLC now owns 7,271 shares of the company’s stock valued at $237,000 after purchasing an additional 391 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on VICI. Mizuho upped their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. increased their target price on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Wells Fargo & Company raised their price target on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Stifel Nicolaus dropped their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Evercore ISI cut their price objective on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.69.

VICI Properties Stock Performance

Shares of VICI stock opened at $30.43 on Friday. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.03. The firm has a market capitalization 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 company has a 50 day moving average price of $31.54 and a 200-day moving average price of $32.19.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 5.9%. VICI Properties’s payout ratio is 68.70%.

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.