Alliancebernstein L.P. Has $97.61 Million Stock Position in VICI Properties Inc. $VICI

Key Points

• AllianceBernstein L.P. increased its stake in VICI Properties Inc. by 18.9%, owning approximately 2.99 million shares valued at $97.61 million as of its latest SEC filing.
• VICI Properties announced a dividend increase from $0.43 to $0.45 per share, with a yield of 5.4%, reflecting strong financial performance.
• Analysts have a positive outlook on VICI Properties, with an average target price of $35.55, indicating a general "Moderate Buy" consensus among ten equities research analysts.

Alliancebernstein L.P. raised its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 18.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,992,320 shares of the company's stock after buying an additional 475,359 shares during the quarter. Alliancebernstein L.P. owned 0.28% of VICI Properties worth $97,609,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in shares of VICI Properties in the first quarter valued at about $29,000. AdvisorNet Financial Inc boosted its holdings in VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after purchasing an additional 786 shares during the period. CoreCap Advisors LLC boosted its holdings in VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after purchasing an additional 1,000 shares during the period. Avalon Trust Co acquired a new position in shares of VICI Properties during the 1st quarter worth approximately $35,000. Finally, Investment Management Corp VA ADV increased its holdings in shares of VICI Properties by 171.3% during the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock worth $37,000 after purchasing an additional 709 shares during the period. Institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

VICI has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. upped their target price on VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday. Morgan Stanley increased their target price on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Scotiabank 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, August 28th. Finally, Stifel Nicolaus upped their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.75.

VICI Properties Price Performance

VICI Properties stock traded up $0.01 during mid-day trading on Wednesday, reaching $33.13. The company had a trading volume of 2,686,617 shares, compared to its average volume of 6,932,192. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.29. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The company has a market cap of $35.33 billion, a P/E ratio of 12.69, a P/E/G ratio of 3.33 and a beta of 0.70. The business has a fifty day simple moving average of $33.16 and a 200 day simple moving average of $32.35.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results 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 net margin of 70.20% and a return on equity of 10.21%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. During the same period in the prior year, the business earned $0.57 earnings per share. The company's revenue for the quarter 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, equities research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, September 18th. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.4%. VICI Properties's payout ratio is 68.97%.

VICI Properties Company Profile

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.