Cerity Partners LLC Has $13.07 Million Stock Holdings in VICI Properties Inc. $VICI

Cerity Partners LLC lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,694 shares of the company’s stock after selling 27,629 shares during the period. Cerity Partners LLC’s holdings in VICI Properties were worth $13,067,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in VICI Properties by 2.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,466,757 shares of the company’s stock worth $113,051,000 after acquiring an additional 81,300 shares during the period. D.A. Davidson & CO. grew its stake in VICI Properties by 85.3% in the 2nd quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock worth $669,000 after buying an additional 9,451 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of VICI Properties by 5.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock valued at $77,638,000 after purchasing an additional 122,796 shares during the last quarter. Swedbank AB raised its position in VICI Properties by 4.0% in the 3rd quarter. Swedbank AB now owns 4,874,730 shares of the company’s stock worth $158,965,000 after purchasing an additional 188,690 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of VICI Properties during the second quarter valued at approximately $4,972,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI stock opened at $27.77 on Friday. The firm has a market cap of $29.68 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 2.76 and a beta of 0.70. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties Inc. has a 52-week low of $27.48 and a 52-week high of $34.03. The company’s 50 day moving average is $28.71 and its 200 day moving average is $31.19.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.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 company earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s payout ratio is presently 68.70%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Evercore ISI reiterated an “in-line” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Mizuho reduced their price objective on VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, December 17th. Barclays lowered their price objective on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Finally, Stifel Nicolaus dropped their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $34.31.

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.