Andra AP fonden Increases Stake in VICI Properties Inc. $VICI

Andra AP fonden grew its holdings in VICI Properties Inc. (NYSE:VICI) by 7.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 593,900 shares of the company’s stock after acquiring an additional 43,700 shares during the period. Andra AP fonden owned 0.06% of VICI Properties worth $19,361,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Hantz Financial Services Inc. lifted its position in VICI Properties by 489.2% during the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after purchasing an additional 724 shares in the last quarter. Hoey Investments Inc. bought a new position in shares of VICI Properties in the second quarter worth about $33,000. Avalon Trust Co bought a new position in shares of VICI Properties in the first quarter worth about $35,000. Investment Management Corp VA ADV lifted its position in shares of 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 buying an additional 709 shares in the last quarter. Finally, Kestra Investment Management LLC grew its stake 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 acquiring an additional 634 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the topic of a number of recent analyst reports. Mizuho raised 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. Scotiabank raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Weiss Ratings restated a “buy (b-)” rating on shares of VICI Properties in a research note on Wednesday, October 8th. Cantor Fitzgerald cut their price target on VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Evercore ISI decreased their price target on VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.69.

VICI Properties Trading Down 1.3%

Shares of VICI Properties stock opened at $29.78 on Friday. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.03. 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 business has a 50-day moving average price of $31.85 and a 200-day moving average price of $32.27. The firm has a market cap of $31.82 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 3.00 and a beta of 0.72.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.0%. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio is currently 68.70%.

About VICI Properties

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.