Avantax Advisory Services Inc. Decreases Stake in VICI Properties Inc. $VICI

Avantax Advisory Services Inc. lessened its position in VICI Properties Inc. (NYSE:VICI) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,722 shares of the company’s stock after selling 3,793 shares during the period. Avantax Advisory Services Inc.’s holdings in VICI Properties were worth $2,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VICI. IFP Advisors Inc boosted its holdings in VICI Properties by 84.8% in the first quarter. IFP Advisors Inc now owns 3,264 shares of the company’s stock worth $106,000 after purchasing an additional 1,498 shares during the period. Cetera Investment Advisers raised its position in shares of VICI Properties by 10.8% during the 1st quarter. Cetera Investment Advisers now owns 220,614 shares of the company’s stock worth $7,196,000 after purchasing an additional 21,441 shares during the period. Assetmark Inc. lifted its position in VICI Properties by 2.3% in the 1st quarter. Assetmark Inc. now owns 2,063,067 shares of the company’s stock valued at $67,297,000 after purchasing an additional 46,372 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of VICI Properties by 1.0% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 733,438 shares of the company’s stock valued at $23,925,000 after purchasing an additional 7,449 shares during the period. Finally, First Heartland Consultants Inc. bought a new stake in shares of VICI Properties during the first quarter valued at approximately $326,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Up 0.0%

NYSE VICI opened at $28.81 on Friday. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.03. The company has a market capitalization of $30.79 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 2.87 and a beta of 0.72. The stock’s 50 day moving average is $31.09 and its two-hundred day moving average is $32.09. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data 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 firm had revenue of $1.01 billion during 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 company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business 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. The ex-dividend date was Thursday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.2%. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VICI. Stifel Nicolaus lowered their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Scotiabank lifted their price target on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Cantor Fitzgerald cut their price objective on VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Mizuho raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.38.

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.