8,890 Shares in VICI Properties Inc. $VICI Purchased by Compound Planning Inc.

Key Points

• Compound Planning Inc. has acquired 8,890 shares of VICI Properties Inc., valued at approximately $290,000, marking the firm's entry into the company during the first quarter.
• VICI Properties' stock has seen investment upgrades from various analysts, with the price target now averaging $35.50 after increases from Wells Fargo and Morgan Stanley.
• The company reported earnings per share (EPS) of $0.60, meeting analysts' expectations, and announced a quarterly dividend of $0.4325 per share, reflecting a yield of 5.1%.

Compound Planning Inc. bought a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,890 shares of the company's stock, valued at approximately $290,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Provident Investment Management Inc. boosted its holdings in VICI Properties by 1.5% in the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company's stock valued at $776,000 after purchasing an additional 350 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in VICI Properties by 8.5% in the 1st quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company's stock valued at $150,000 after purchasing an additional 359 shares during the period. Moran Wealth Management LLC boosted its holdings in VICI Properties by 0.9% in the 1st quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock valued at $1,324,000 after purchasing an additional 360 shares during the period. Benjamin Edwards Inc. boosted its holdings in VICI Properties by 3.1% in the 4th quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock valued at $369,000 after purchasing an additional 378 shares during the period. Finally, DAVENPORT & Co LLC boosted its holdings in VICI Properties by 3.9% in the 1st quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company's stock valued at $347,000 after purchasing an additional 403 shares during the period. Institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on VICI shares. Wells Fargo & Company boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday. Morgan Stanley boosted their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. JMP Securities set a $35.00 target price on shares of VICI Properties in a research report on Tuesday, July 22nd. Robert W. Baird boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Citigroup restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.50.

VICI Properties Price Performance

VICI stock opened at $33.80 on Thursday. The company has a 50 day simple moving average of $32.99 and a 200 day simple moving average of $32.14. The stock has a market cap of $36.04 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 3.34 and a beta of 0.68. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Research 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, July 10th. Investors of record on Wednesday, June 18th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Wednesday, June 18th. VICI Properties's dividend payout ratio is currently 66.28%.

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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