Parallel Advisors LLC Acquires 4,915 Shares of VICI Properties Inc. $VICI

Parallel Advisors LLC boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 45.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,684 shares of the company’s stock after acquiring an additional 4,915 shares during the quarter. Parallel Advisors LLC’s holdings in VICI Properties were worth $511,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in VICI Properties during the first quarter valued at approximately $29,000. AdvisorNet Financial Inc boosted its holdings in VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company’s stock valued at $33,000 after purchasing an additional 786 shares during the period. Avalon Trust Co acquired a new stake in VICI Properties in the 1st quarter worth $35,000. Investment Management Corp VA ADV increased its holdings in shares of VICI Properties by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock worth $37,000 after purchasing an additional 709 shares during the period. Finally, Kestra Investment Management LLC increased its holdings in shares of VICI Properties by 55.5% during the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after purchasing an additional 634 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

VICI has been the topic of several research reports. Scotiabank boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Citigroup restated a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, JMP Securities set a $35.00 price target on shares of VICI Properties in a research note on Tuesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.92.

VICI Properties Stock Performance

VICI Properties stock opened at $31.85 on Friday. The stock has a 50-day simple moving average of $33.08 and a 200 day simple moving average of $32.37. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03. The stock has a market capitalization of $33.96 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 3.21 and a beta of 0.70.

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

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be given a dividend of $0.45 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a yield of 5.7%. VICI Properties’s payout ratio is currently 68.97%.

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.