Cullen Frost Bankers Inc. Boosts Holdings in VICI Properties Inc. $VICI

Cullen Frost Bankers Inc. raised its holdings in VICI Properties Inc. (NYSE:VICI) by 33.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,144 shares of the company’s stock after buying an additional 1,551 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in VICI Properties were worth $200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fiduciary Family Office LLC purchased a new stake in VICI Properties in the 2nd quarter valued at about $280,000. Bogart Wealth LLC grew its holdings in VICI Properties by 3.6% in the 2nd quarter. Bogart Wealth LLC now owns 229,519 shares of the company’s stock valued at $7,482,000 after buying an additional 7,942 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of VICI Properties in the 2nd quarter valued at about $223,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of VICI Properties in the 2nd quarter valued at about $110,366,000. Finally, Chevy Chase Trust Holdings LLC lifted its stake in shares of VICI Properties by 1.0% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 558,469 shares of the company’s stock valued at $18,206,000 after purchasing an additional 5,602 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VICI shares. JPMorgan Chase & Co. lifted 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. Cantor Fitzgerald started coverage on VICI Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $37.00 price objective on the stock. Barclays lifted their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, Evercore ISI lifted their price objective on VICI Properties from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $36.08.

VICI Properties Stock Performance

VICI Properties stock opened at $31.24 on Friday. The stock’s 50 day moving average price is $32.40 and its 200 day moving average price is $32.35. The firm has a market capitalization of $33.31 billion, a PE ratio of 11.97, a price-to-earnings-growth 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 Inc. has a one year low of $27.98 and a one year high of $34.03.

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

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Thursday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio is currently 68.97%.

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.