21,344 Shares in VICI Properties Inc. $VICI Purchased by Applied Finance Capital Management LLC

Key Points

• Applied Finance Capital Management LLC purchased 21,344 shares of VICI Properties Inc. for approximately $696,000, indicating growing institutional interest in the company.
• VICI Properties reported earnings of $0.60 per share for the last quarter, meeting analysts' expectations, and its revenue increased by 4.6% compared to the same quarter last year.
• The company recently increased its quarterly dividend from $0.43 to $0.45, reflecting a dividend yield of 5.8% and a payout ratio of 68.97%.

Applied Finance Capital Management LLC bought a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,344 shares of the company's stock, valued at approximately $696,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VICI. Wayfinding Financial LLC acquired a new stake in shares of VICI Properties during the 1st quarter valued at about $29,000. Hoey Investments Inc. acquired a new stake in shares of VICI Properties during the 2nd quarter valued at about $33,000. Avalon Trust Co acquired a new stake in shares of VICI Properties during the 1st quarter valued at about $35,000. Investment Management Corp VA ADV grew its position in shares of VICI Properties by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock valued at $37,000 after acquiring an additional 709 shares during the period. Finally, Kestra Investment Management LLC grew its position in shares of VICI Properties by 55.5% during the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company's stock valued at $58,000 after acquiring an additional 634 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Trading Up 0.5%

VICI stock opened at $30.89 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03. The stock has a market cap of $32.94 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 3.06 and a beta of 0.72. The business's 50-day moving average is $32.55 and its 200 day moving average is $32.31.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. During the same period in the previous year, the firm posted $0.57 EPS. VICI Properties's revenue was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were paid a $0.45 dividend. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a yield of 5.8%. VICI Properties's dividend payout ratio is 68.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on VICI shares. Morgan Stanley raised their target price on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. JMP Securities set a $35.00 target price on VICI Properties in a research report on Tuesday, July 22nd. Wells Fargo & Company raised their target price on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Cantor Fitzgerald initiated coverage on VICI Properties in a research report on Wednesday, October 1st. They set an "overweight" rating and a $37.00 target price on the stock. Finally, Evercore ISI lifted their price objective on VICI Properties from $37.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $36.00.

About VICI Properties

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.

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