VICI Properties Inc. $VICI Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 26.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,279 shares of the company’s stock after acquiring an additional 1,734 shares during the quarter. Ballentine Partners LLC’s holdings in VICI Properties were worth $270,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wayfinding Financial LLC acquired a new position in shares of VICI Properties in the 1st quarter valued at approximately $29,000. Hoey Investments Inc. bought a new stake in shares of VICI Properties in the second quarter worth $33,000. AdvisorNet Financial Inc raised its holdings in VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company’s stock valued at $33,000 after acquiring an additional 786 shares in the last quarter. Avalon Trust Co bought a new position in VICI Properties during the 1st quarter valued at $35,000. Finally, Investment Management Corp VA ADV boosted its stake in VICI Properties by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after acquiring an additional 709 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 1.2%

VICI Properties stock opened at $32.43 on Monday. 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 firm has a market capitalization of $34.58 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 3.24 and a beta of 0.70. The firm has a 50-day moving average price of $32.96 and a two-hundred day moving average price of $32.36.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The company had revenue of $1 billion for 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 business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 5.6%. VICI Properties’s dividend payout ratio (DPR) is currently 68.97%.

Analyst Upgrades and Downgrades

VICI has been the subject of several research analyst reports. Evercore ISI boosted their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. JPMorgan Chase & Co. upped their price objective on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Wells Fargo & Company increased their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. JMP Securities set a $35.00 price target on VICI Properties in a report on Tuesday, July 22nd. Finally, Scotiabank upped their price target on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.92.

VICI Properties 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.