Geneos Wealth Management Inc. increased its position in VICI Properties Inc. (NYSE:VICI – Free Report) by 131.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,591 shares of the company’s stock after acquiring an additional 2,604 shares during the quarter. Geneos Wealth Management Inc.’s holdings in VICI Properties were worth $150,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Provident Investment Management Inc. increased its holdings in VICI Properties by 1.5% in the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company’s stock worth $776,000 after acquiring an additional 350 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in VICI Properties by 8.5% during the 1st quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company’s stock valued at $150,000 after buying an additional 359 shares in the last quarter. Moran Wealth Management LLC grew its holdings in VICI Properties by 0.9% during the 1st quarter. Moran Wealth Management LLC now owns 40,578 shares of the company’s stock valued at $1,324,000 after buying an additional 360 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in VICI Properties by 3.9% during the 1st quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company’s stock valued at $347,000 after buying an additional 403 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in VICI Properties by 29.6% during the 1st quarter. UMB Bank n.a. now owns 2,475 shares of the company’s stock valued at $81,000 after buying an additional 565 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.
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VICI Properties Stock Down 1.3%
NYSE:VICI opened at $32.65 on Wednesday. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.17. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The stock has a fifty day simple moving average of $33.15 and a 200-day simple moving average of $32.37. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62.
VICI Properties (NYSE:VICI – Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.
VICI Properties Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be issued a $0.45 dividend. The ex-dividend date is Thursday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 5.5%. VICI Properties’s dividend payout ratio is presently 66.28%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on VICI. JPMorgan Chase & Co. increased their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Evercore ISI increased their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday. Scotiabank increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. JMP Securities set a $35.00 price objective on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.92.
Read Our Latest Report on VICI
VICI Properties Company Profile
(Free Report)
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.
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