Catalyst Capital Advisors LLC Purchases 540 Shares of VICI Properties Inc. $VICI

Catalyst Capital Advisors LLC raised its position in VICI Properties Inc. (NYSE:VICI) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,648 shares of the company’s stock after purchasing an additional 540 shares during the period. Catalyst Capital Advisors LLC’s holdings in VICI Properties were worth $1,064,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in VICI. Wayfinding Financial LLC bought a new stake in VICI Properties during the first quarter valued at $29,000. Hoey Investments Inc. bought a new stake in shares of VICI Properties during the 2nd quarter valued at about $33,000. Avalon Trust Co bought a new stake in shares of VICI Properties during the 1st quarter valued at about $35,000. Investment Management Corp VA ADV lifted its position in VICI Properties by 171.3% during the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after purchasing an additional 709 shares during the last quarter. Finally, Kestra Investment Management LLC lifted its position in 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 purchasing an additional 634 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI stock opened at $31.45 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.03. The stock has a 50 day moving average price of $32.43 and a two-hundred day moving average price of $32.32. The company has a market capitalization of $33.54 billion, a P/E ratio of 12.05, a PEG ratio of 3.12 and a beta of 0.72.

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

VICI Properties Increases Dividend

The business 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. 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. This represents a $1.80 dividend on an annualized basis and a yield of 5.7%. VICI Properties’s payout ratio is presently 68.97%.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Cantor Fitzgerald assumed coverage on VICI Properties in a research note on Wednesday, October 1st. They set an “overweight” rating and a $37.00 price target for the company. Morgan Stanley lifted their price target on VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Evercore ISI boosted their target price on VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Finally, Mizuho boosted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $36.08.

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.