Annex Advisory Services LLC Makes New Investment in VICI Properties Inc. $VICI

Key Points

• Annex Advisory Services LLC has acquired 8,594 shares of VICI Properties Inc., valued at around $280,000, as part of their new investment during the second quarter.
• VICI Properties recently increased its quarterly dividend to $0.45 per share, boosting the annualized dividend yield to 5.7%.
• Research analysts have shown positive sentiment towards VICI Properties, with multiple firms raising their price targets, and the stock receiving a consensus rating of "Moderate Buy".

Annex Advisory Services LLC bought a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,594 shares of the company's stock, valued at approximately $280,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. Price T Rowe Associates Inc. MD boosted its stake in VICI Properties by 205.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company's stock worth $556,077,000 after purchasing an additional 11,458,239 shares during the last quarter. Nuveen LLC purchased a new position in shares of VICI Properties during the 1st quarter worth $320,179,000. Deutsche Bank AG raised its holdings in shares of VICI Properties by 172.4% during the 1st quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock worth $241,229,000 after acquiring an additional 4,680,136 shares during the period. American Century Companies Inc. raised its holdings in shares of VICI Properties by 81.6% during the 1st quarter. American Century Companies Inc. now owns 8,252,528 shares of the company's stock worth $269,197,000 after acquiring an additional 3,707,396 shares during the period. Finally, Bahl & Gaynor Inc. purchased a new position in shares of VICI Properties during the 1st quarter worth $99,701,000. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price target on VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Stifel Nicolaus lifted their price target on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company lifted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Evercore ISI lifted their price target on VICI Properties from $37.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Finally, Mizuho boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "outperform" rating in a report on Thursday, September 11th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and an average target price of $35.92.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $31.44 on Tuesday. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03. The company has a market cap of $33.52 billion, a PE ratio of 12.04, a P/E/G ratio of 3.18 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The business has a 50-day simple moving average of $33.03 and a 200-day simple moving average of $32.36.

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

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.45 per share. This is a boost 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 5.7%. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties's dividend payout ratio is presently 68.97%.

VICI Properties 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.

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