Wedmont Private Capital Purchases 1,010 Shares of VICI Properties Inc. $VICI

Wedmont Private Capital grew its stake in shares of VICI Properties Inc. (NYSE:VICI) by 14.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,905 shares of the company’s stock after acquiring an additional 1,010 shares during the period. Wedmont Private Capital’s holdings in VICI Properties were worth $260,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new position in VICI Properties during the first quarter valued at approximately $29,000. AdvisorNet Financial Inc grew its holdings in shares of VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company’s stock valued at $33,000 after buying an additional 786 shares during the last quarter. Avalon Trust Co purchased a new stake in shares of VICI Properties during the first quarter valued at $35,000. Investment Management Corp VA ADV grew its holdings in shares of VICI Properties by 171.3% during the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after buying an additional 709 shares during the last quarter. Finally, Kestra Investment Management LLC lifted its position in VICI Properties by 55.5% during the first quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock valued at $58,000 after purchasing an additional 634 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VICI has been the subject of a number of research reports. Wells Fargo & Company boosted 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 increased their price target on shares of VICI Properties from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Morgan Stanley increased their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Finally, JMP Securities set a $35.00 price target on shares of VICI Properties in a research note on Tuesday, July 22nd. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.92.

VICI Properties Price Performance

VICI Properties stock opened at $31.85 on Monday. The firm has a market cap of $33.96 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.03. 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’s 50 day moving average is $33.08 and its two-hundred day moving average is $32.37.

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

VICI Properties Increases Dividend

The firm also recently disclosed 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 represents a $1.80 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Thursday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s payout ratio is 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.