ProShare Advisors LLC Buys 16,270 Shares of VICI Properties Inc. $VICI

ProShare Advisors LLC grew its stake in shares of VICI Properties Inc. (NYSE:VICI) by 8.1% in the second quarter, HoldingsChannel.com reports. The firm owned 217,992 shares of the company’s stock after buying an additional 16,270 shares during the quarter. ProShare Advisors LLC’s holdings in VICI Properties were worth $7,107,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in VICI. Price T Rowe Associates Inc. MD lifted its holdings in VICI Properties by 205.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after buying an additional 11,458,239 shares during the period. Nuveen LLC purchased a new stake in shares of VICI Properties in the 1st quarter worth about $320,179,000. Deutsche Bank AG raised its stake in VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock worth $241,229,000 after buying an additional 4,680,136 shares in the last quarter. American Century Companies Inc. lifted its holdings in VICI Properties by 81.6% in the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company’s stock worth $269,197,000 after buying an additional 3,707,396 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of VICI Properties during the 2nd quarter worth approximately $110,366,000. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JMP Securities set a $35.00 price objective on VICI Properties in a report on Tuesday, July 22nd. 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 report on Friday, October 31st. Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Mizuho boosted their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Finally, Barclays boosted their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.69.

VICI Properties Trading Down 0.3%

NYSE:VICI opened at $30.55 on Thursday. The stock has a market capitalization of $32.65 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 3.05 and a beta of 0.72. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.03. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $31.60 and a 200 day moving average of $32.21.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were paid a $0.45 dividend. The ex-dividend date 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 dividend yield of 5.9%. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

VICI Properties Company 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.