VICI Properties Inc. $VICI Position Lessened by Oak Thistle LLC

Oak Thistle LLC reduced its stake in shares of VICI Properties Inc. (NYSE:VICI) by 47.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 30,925 shares of the company’s stock after selling 27,513 shares during the period. Oak Thistle LLC’s holdings in VICI Properties were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. State of Wyoming acquired a new position in shares of VICI Properties during the second quarter valued at $26,000. Parvin Asset Management LLC acquired a new stake in shares of VICI Properties in the 2nd quarter worth about $27,000. Hantz Financial Services Inc. lifted its position in VICI Properties by 489.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after purchasing an additional 724 shares during the last quarter. Headlands Technologies LLC acquired a new position in VICI Properties during the 2nd quarter valued at about $28,000. Finally, Hoey Investments Inc. bought a new position in VICI Properties in the 2nd quarter worth about $33,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VICI shares. Mizuho cut their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday. The Goldman Sachs Group lowered their target price on VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Scotiabank boosted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Wells Fargo & Company reissued an “equal weight” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.36.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $28.11 on Friday. VICI Properties Inc. has a 1 year low of $27.63 and a 1 year high of $34.03. The firm has a market cap of $30.04 billion, a P/E ratio of 10.73, a PEG ratio of 2.83 and a beta of 0.70. The stock has a fifty day moving average price of $29.62 and a two-hundred day moving average price of $31.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The company’s 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. Research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Wednesday, December 17th. VICI Properties’s dividend payout ratio is presently 68.70%.

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.