VICI Properties Inc. $VICI Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 368,533 shares of the company’s stock after buying an additional 18,550 shares during the period. Corient Private Wealth LLC’s holdings in VICI Properties were worth $12,021,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State of Wyoming purchased a new position in VICI Properties in the 2nd quarter valued at approximately $26,000. Parvin Asset Management LLC purchased a new stake in VICI Properties during the second quarter worth $27,000. Hantz Financial Services Inc. grew its holdings in VICI Properties by 489.2% in 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 during the last quarter. Headlands Technologies LLC purchased a new position in shares of VICI Properties in the second quarter valued at $28,000. Finally, Hoey Investments Inc. acquired a new position in shares of VICI Properties during the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI opened at $28.11 on Friday. VICI Properties Inc. has a 1 year low of $27.63 and a 1 year high of $34.03. The company’s 50 day simple moving average is $29.62 and its 200 day simple moving average is $31.66. The company has a market capitalization of $30.04 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 2.83 and a beta of 0.70. 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 released its earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company earned $0.57 EPS. VICI Properties’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, sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 17th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 annualized dividend and a yield of 6.4%. VICI Properties’s dividend payout ratio is 68.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. 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. Mizuho lowered their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday. The Goldman Sachs Group dropped their price objective on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Monday. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.36.

VICI Properties 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.