Gabelli Funds LLC Buys 44,987 Shares of VICI Properties Inc. $VICI

Gabelli Funds LLC boosted its stake in VICI Properties Inc. (NYSE:VICI) by 27.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 208,587 shares of the company’s stock after acquiring an additional 44,987 shares during the period. Gabelli Funds LLC’s holdings in VICI Properties were worth $6,800,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of VICI Properties in the 2nd quarter worth about $486,945,000. Price T Rowe Associates Inc. MD raised its stake in VICI Properties by 205.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after buying an additional 11,458,239 shares in the last quarter. American Century Companies Inc. lifted its holdings in VICI Properties by 81.6% in the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company’s stock worth $269,197,000 after buying an additional 3,707,396 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in VICI Properties in the second quarter worth about $110,366,000. Finally, Cbre Investment Management Listed Real Assets LLC boosted its position in VICI Properties by 125.4% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,587,940 shares of the company’s stock valued at $182,167,000 after acquiring an additional 3,108,475 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VICI. Weiss Ratings reissued a “hold (c+)” rating on shares of VICI Properties in a research report on Monday, December 1st. Barclays dropped their target price on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Stifel Nicolaus reduced their target price 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. Evercore ISI reissued an “in-line” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Finally, Cantor Fitzgerald dropped their price objective on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.71.

VICI Properties Stock Down 0.7%

Shares of VICI Properties stock opened at $27.73 on Wednesday. The company has a 50-day simple moving average of $30.16 and a two-hundred day simple moving average of $31.83. The stock has a market capitalization of $29.63 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 2.78 and a beta of 0.70. VICI Properties Inc. has a 52-week low of $27.63 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60.

VICI Properties (NYSE:VICI) last posted 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. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.5%. 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.