Chicago Partners Investment Group LLC Purchases Shares of 6,665 VICI Properties Inc. $VICI

Chicago Partners Investment Group LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,665 shares of the company’s stock, valued at approximately $223,000.

Several other large investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its holdings in VICI Properties by 7.5% during the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock valued at $816,617,000 after purchasing an additional 1,755,385 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in VICI Properties by 205.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock valued at $556,077,000 after purchasing an additional 11,458,239 shares in the last quarter. Northern Trust Corp lifted its holdings in VICI Properties by 13.2% during the first quarter. Northern Trust Corp now owns 13,743,229 shares of the company’s stock valued at $448,304,000 after purchasing an additional 1,606,559 shares in the last quarter. Invesco Ltd. lifted its holdings in VICI Properties by 0.6% during the first quarter. Invesco Ltd. now owns 13,491,589 shares of the company’s stock valued at $440,096,000 after purchasing an additional 77,544 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in VICI Properties by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company’s stock valued at $402,700,000 after purchasing an additional 135,836 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.6%

Shares of VICI opened at $31.24 on Friday. The company’s fifty day moving average is $32.40 and its 200 day moving average is $32.35. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.03. The stock has a market capitalization of $33.31 billion, a PE ratio of 11.97, a P/E/G ratio of 3.11 and a beta of 0.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate 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 analysts’ expectations of $991.59 million. During the same quarter in the previous year, the business posted $0.57 earnings per share. VICI Properties’s quarterly revenue was up 4.6% on a year-over-year basis. 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 fiscal year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were given a $0.45 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 5.8%. The ex-dividend date was Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 68.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of VICI Properties in a research report on Friday. Evercore ISI lifted their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Wells Fargo & Company lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Finally, Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $36.08.

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.