Delta Investment Management LLC Increases Position in VICI Properties Inc. $VICI

Delta Investment Management LLC increased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 80.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,568 shares of the company’s stock after purchasing an additional 25,646 shares during the quarter. Delta Investment Management LLC’s holdings in VICI Properties were worth $1,877,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VICI. Chesley Taft & Associates LLC raised its holdings in VICI Properties by 3.6% in the second quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock worth $304,000 after purchasing an additional 324 shares in the last quarter. Wright Investors Service Inc. grew its position in shares of VICI Properties by 0.4% in the 2nd quarter. Wright Investors Service Inc. now owns 74,517 shares of the company’s stock worth $2,429,000 after buying an additional 330 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of VICI Properties by 3.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 10,404 shares of the company’s stock worth $339,000 after buying an additional 337 shares during the last quarter. Heritage Wealth Advisors raised its stake in shares of VICI Properties by 18.9% during the 2nd quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock worth $72,000 after acquiring an additional 350 shares in the last quarter. Finally, Bell Investment Advisors Inc lifted its position in VICI Properties by 32.7% during the second quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after acquiring an additional 351 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 0.7%

NYSE:VICI opened at $28.13 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The company’s fifty day moving average price is $29.07 and its 200-day moving average price is $31.41. VICI Properties Inc. has a 1-year low of $27.56 and a 1-year high of $34.03. The firm has a market capitalization of $30.07 billion, a P/E ratio of 10.74, a PEG ratio of 2.82 and a beta of 0.70.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, equities research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

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

Analyst Ratings Changes

Several research firms have issued reports on VICI. Mizuho cut their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. JPMorgan Chase & Co. raised their price objective on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Stifel Nicolaus reduced their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Wells Fargo & Company reissued 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, November 18th. Finally, Evercore ISI restated an “in-line” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $34.36.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.