GoalVest Advisory LLC Has $1.27 Million Holdings in VICI Properties Inc. $VICI

GoalVest Advisory LLC raised its holdings in VICI Properties Inc. (NYSE:VICI) by 5.8% in the second quarter, Holdings Channel reports. The fund owned 38,809 shares of the company’s stock after acquiring an additional 2,130 shares during the period. GoalVest Advisory LLC’s holdings in VICI Properties were worth $1,265,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of research analyst reports. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Cantor Fitzgerald started coverage on VICI Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $37.00 price objective for the company. Scotiabank upped their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. JMP Securities set a $35.00 price objective on VICI Properties in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. upped their price objective on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.08.

VICI Properties Stock Performance

VICI opened at $31.24 on Monday. 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 $33.31 billion, a PE ratio of 11.97, a PEG ratio of 3.11 and a beta of 0.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The business’s 50-day simple moving average is $32.40 and its 200 day simple moving average is $32.36.

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

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 5.8%. VICI Properties’s dividend payout ratio is currently 68.97%.

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.