Econ Financial Services Corp Takes Position in VICI Properties Inc. $VICI

Econ Financial Services Corp acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 32,918 shares of the company’s stock, valued at approximately $1,073,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State of Wyoming acquired a new stake in VICI Properties in the second quarter valued at $26,000. Parvin Asset Management LLC purchased a new position in shares of VICI Properties in the 2nd quarter valued at about $27,000. Hantz Financial Services Inc. raised its position in shares of VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after acquiring an additional 724 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of VICI Properties during the 2nd quarter worth about $28,000. Finally, Hoey Investments Inc. purchased a new stake in VICI Properties during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Down 0.7%

Shares of VICI Properties stock opened at $28.13 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The company has a market capitalization of $30.07 billion, a P/E ratio of 10.74, a PEG ratio of 2.80 and a beta of 0.70. VICI Properties Inc. has a 1 year low of $27.56 and a 1 year high of $34.03. The company’s fifty day moving average is $29.00 and its two-hundred day moving average is $31.39.

VICI Properties (NYSE:VICI) last announced its 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 business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company earned $0.57 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

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

Analyst Upgrades and Downgrades

VICI has been the topic of several recent analyst reports. Evercore ISI reiterated an “in-line” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Barclays lowered their target price on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Monday. The Goldman Sachs Group reduced their price target on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Finally, Cantor Fitzgerald decreased their price objective 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. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.46.

About VICI Properties

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.