World Investment Advisors Sells 3,845 Shares of VICI Properties Inc. $VICI

World Investment Advisors lessened its position in shares of VICI Properties Inc. (NYSE:VICI) by 26.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 10,956 shares of the company’s stock after selling 3,845 shares during the quarter. World Investment Advisors’ holdings in VICI Properties were worth $357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new position in VICI Properties during the first quarter worth $29,000. Hoey Investments Inc. bought a new position in shares of VICI Properties in the 2nd quarter worth about $33,000. Avalon Trust Co acquired a new position in shares of VICI Properties in the 1st quarter valued at about $35,000. Investment Management Corp VA ADV lifted its stake in shares of VICI Properties by 171.3% in the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after purchasing an additional 709 shares during the period. Finally, Kestra Investment Management LLC boosted its position 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 valued at $58,000 after purchasing an additional 634 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Ratings Changes

VICI has been the subject of a number of research analyst reports. Barclays lifted their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Evercore ISI lowered their price objective on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating for the company in a research note on Friday. Mizuho increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of VICI Properties in a research note on Wednesday, October 8th. Finally, Scotiabank upped their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Thirteen 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 data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $35.85.

VICI Properties Trading Up 0.3%

NYSE:VICI opened at $30.09 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03. The company has a market cap of $32.16 billion, a PE ratio of 11.48, a PEG ratio of 2.99 and a beta of 0.72. The firm has a 50-day moving average of $32.06 and a 200-day moving average of $32.31.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were given a dividend of $0.45 per share. 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. This represents a $1.80 annualized dividend and a dividend yield of 6.0%. VICI Properties’s payout ratio is presently 68.70%.

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.