VICI Properties Inc. $VICI Shares Sold by Ethic Inc.

Ethic Inc. lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 43.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,850 shares of the company’s stock after selling 28,848 shares during the period. Ethic Inc.’s holdings in VICI Properties were worth $1,190,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of VICI. Spire Wealth Management lifted its stake in shares of VICI Properties by 2,602.0% in the 1st quarter. Spire Wealth Management now owns 9,295 shares of the company’s stock valued at $303,000 after purchasing an additional 8,951 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of VICI Properties by 16.4% in the 1st quarter. Bessemer Group Inc. now owns 11,171 shares of the company’s stock valued at $365,000 after purchasing an additional 1,572 shares during the last quarter. Transcend Capital Advisors LLC lifted its stake in shares of VICI Properties by 69.6% in the 1st quarter. Transcend Capital Advisors LLC now owns 12,046 shares of the company’s stock valued at $393,000 after purchasing an additional 4,945 shares during the last quarter. Achmea Investment Management B.V. lifted its stake in VICI Properties by 45.2% during the 1st quarter. Achmea Investment Management B.V. now owns 39,171 shares of the company’s stock worth $1,278,000 after acquiring an additional 12,203 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in VICI Properties by 23.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,670 shares of the company’s stock valued at $5,559,000 after acquiring an additional 32,457 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Cantor Fitzgerald initiated coverage on VICI Properties in a report on Wednesday, October 1st. They set an “overweight” rating and a $37.00 target price for the company. Citigroup restated a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Scotiabank raised their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Finally, Stifel Nicolaus raised their target price on VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.08.

VICI Properties Price Performance

VICI stock opened at $31.24 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $33.31 billion, a P/E ratio of 11.97, a P/E/G ratio of 3.11 and a beta of 0.72. The business’s 50-day moving average is $32.40 and its two-hundred day moving average is $32.36. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.03.

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

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Thursday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio (DPR) is currently 68.97%.

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.