Bahl & Gaynor Inc. Sells 3,259 Shares of VICI Properties Inc. $VICI

Bahl & Gaynor Inc. lessened its stake in VICI Properties Inc. (NYSE:VICI) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,053,176 shares of the company’s stock after selling 3,259 shares during the period. Bahl & Gaynor Inc. owned approximately 0.29% of VICI Properties worth $99,534,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. D.A. Davidson & CO. raised its position in shares of VICI Properties by 85.3% during the 2nd quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock valued at $669,000 after purchasing an additional 9,451 shares during the period. State of Michigan Retirement System increased its stake in VICI Properties by 5.9% in the 2nd quarter. State of Michigan Retirement System now owns 302,800 shares of the company’s stock worth $9,871,000 after buying an additional 16,800 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in VICI Properties by 33.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 6,144 shares of the company’s stock worth $200,000 after buying an additional 1,551 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of VICI Properties by 86.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 27,451 shares of the company’s stock valued at $895,000 after acquiring an additional 12,737 shares in the last quarter. Finally, Westpac Banking Corp boosted its stake in shares of VICI Properties by 82.8% in the second quarter. Westpac Banking Corp now owns 301,787 shares of the company’s stock worth $9,838,000 after acquiring an additional 136,700 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on VICI. Scotiabank lifted their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Stifel Nicolaus reduced 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 report on Friday, October 31st. Barclays boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Cantor Fitzgerald cut their target price on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.38.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $28.81 on Friday. The firm has a fifty day simple moving average of $31.09 and a two-hundred day simple moving average of $32.09. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week 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 stock has a market capitalization of $30.79 billion, a P/E ratio of 11.00, a PEG ratio of 2.87 and a beta of 0.72.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate 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. On average, analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued a $0.45 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. 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 presently 68.70%.

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.