Geneos Wealth Management Inc. Acquires 2,604 Shares of VICI Properties Inc. $VICI

Geneos Wealth Management Inc. lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 131.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund 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.

A number of other hedge funds have also recently made changes to their positions in the business. Provident Investment Management Inc. lifted its holdings in shares of 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 during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of VICI Properties by 8.5% in the 1st quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company’s stock worth $150,000 after acquiring an additional 359 shares during the last quarter. Moran Wealth Management LLC lifted its holdings in shares of VICI Properties by 0.9% in the 1st quarter. Moran Wealth Management LLC now owns 40,578 shares of the company’s stock worth $1,324,000 after acquiring an additional 360 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of VICI Properties by 3.9% in the first quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company’s stock worth $347,000 after buying an additional 403 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of VICI Properties by 29.6% in the first quarter. UMB Bank n.a. now owns 2,475 shares of the company’s stock worth $81,000 after buying an additional 565 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VICI has been the topic of several analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Wells Fargo & Company lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Evercore ISI lifted their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday. Scotiabank lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Finally, Mizuho lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.92.

VICI Properties Price Performance

NYSE VICI opened at $32.65 on Wednesday. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.17. The firm has a market capitalization of $34.82 billion, a P/E ratio of 12.51, a PEG ratio of 3.30 and a beta of 0.70. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $33.15 and a 200-day moving average price of $32.37.

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

VICI Properties Increases Dividend

The company also recently announced 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 of this dividend is Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 5.5%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s payout ratio is currently 66.28%.

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.