Wealth Alliance LLC Has $462,000 Position in VICI Properties Inc. $VICI

Wealth Alliance LLC boosted its position in VICI Properties Inc. (NYSE:VICI) by 20.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,169 shares of the company’s stock after buying an additional 2,452 shares during the quarter. Wealth Alliance LLC’s holdings in VICI Properties were worth $462,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Beck Bode LLC acquired a new position in VICI Properties during the 2nd quarter worth approximately $1,726,000. M&G PLC lifted its position in shares of VICI Properties by 11.1% in the second quarter. M&G PLC now owns 6,284 shares of the company’s stock worth $207,000 after purchasing an additional 630 shares in the last quarter. Forsta AP Fonden boosted its holdings in VICI Properties by 9.1% during the second quarter. Forsta AP Fonden now owns 487,400 shares of the company’s stock worth $15,889,000 after purchasing an additional 40,600 shares during the last quarter. Wealth Quarterback LLC grew its position in VICI Properties by 83.5% in the second quarter. Wealth Quarterback LLC now owns 12,945 shares of the company’s stock valued at $422,000 after purchasing an additional 5,890 shares in the last quarter. Finally, National Pension Service increased its stake in VICI Properties by 0.6% in the 2nd quarter. National Pension Service now owns 2,035,630 shares of the company’s stock valued at $66,362,000 after buying an additional 11,724 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

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

VICI Properties Stock Performance

VICI opened at $30.43 on Friday. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03. The business has a 50 day moving average of $31.54 and a 200-day moving average of $32.19. The stock has a market cap of $32.52 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 3.04 and a beta of 0.72.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share 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 analyst estimates of $1 billion. During the same period in the previous year, the firm earned $0.57 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, equities research 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. Stockholders of record on Thursday, September 18th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.9%. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio is 68.70%.

About VICI Properties

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.