Spire Wealth Management Sells 6,215 Shares of VICI Properties Inc. $VICI

Spire Wealth Management decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 66.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,080 shares of the company’s stock after selling 6,215 shares during the period. Spire Wealth Management’s holdings in VICI Properties were worth $100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. Price T Rowe Associates Inc. MD raised its position in VICI Properties by 205.0% during the 1st 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 during the last quarter. Nuveen LLC bought a new position in VICI Properties during the 1st quarter valued at approximately $320,179,000. Deutsche Bank AG raised its position in VICI Properties by 172.4% during the 1st quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock valued at $241,229,000 after purchasing an additional 4,680,136 shares during the last quarter. American Century Companies Inc. raised its position in VICI Properties by 81.6% during the 1st quarter. American Century Companies Inc. now owns 8,252,528 shares of the company’s stock valued at $269,197,000 after purchasing an additional 3,707,396 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in VICI Properties during the 2nd quarter valued at approximately $110,366,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI Properties stock opened at $30.17 on Thursday. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $32.24 billion, a P/E ratio of 11.51, a PEG ratio of 3.01 and a beta of 0.72. The stock’s 50 day moving average is $31.92 and its 200 day moving average is $32.28. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.03.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, equities research analysts predict that VICI Properties Inc. will post 2.31 earnings per share 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 paid a dividend of $0.45 per share. The ex-dividend date was Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 6.0%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

Wall Street Analyst Weigh In

A number of research analysts have commented on VICI shares. JPMorgan Chase & Co. upped their price target on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Scotiabank increased their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. JMP Securities set a $35.00 target price on VICI Properties in a research report on Tuesday, July 22nd. Stifel Nicolaus decreased their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, 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 research report on Wednesday, August 27th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.85.

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.