Ashton Thomas Private Wealth LLC Has $1.37 Million Stock Position in VICI Properties Inc. $VICI

Key Points

• Ashton Thomas Private Wealth LLC increased its holdings in VICI Properties Inc. by 26.6%, owning 41,304 shares valued at approximately $1.37 million after acquiring additional shares in the first quarter.
• VICI Properties has recently raised its quarterly dividend from $0.43 to $0.45 per share, resulting in an annualized dividend yield of 5.4%.
• Analysts have set a consensus target price of $35.55 for VICI Properties, with the stock currently receiving a Moderate Buy rating from a majority of equity research analysts.

Ashton Thomas Private Wealth LLC increased its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 26.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,304 shares of the company's stock after purchasing an additional 8,670 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in VICI Properties were worth $1,365,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in VICI. Price T Rowe Associates Inc. MD increased its position in shares of 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 in the last quarter. Nuveen LLC acquired a new stake in shares of VICI Properties during the 1st quarter worth about $320,179,000. Deutsche Bank AG increased its position 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 purchasing an additional 4,680,136 shares in the last quarter. American Century Companies Inc. increased its position 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 purchasing an additional 3,707,396 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of VICI Properties by 2,437.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock worth $98,982,000 after purchasing an additional 3,255,078 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Trading Down 0.6%

VICI opened at $33.10 on Wednesday. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The firm has a 50-day moving average price of $33.16 and a two-hundred day moving average price of $32.35. 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 stock has a market capitalization of $35.30 billion, a PE ratio of 12.68, a PEG ratio of 3.33 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 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 analysts' expectations of $991.59 million. During the same quarter in the previous year, the company earned $0.57 EPS. VICI Properties's revenue was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, September 18th. This represents a $1.80 annualized dividend and a dividend yield of 5.4%. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's dividend payout ratio is presently 68.97%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research report on Tuesday, July 22nd. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Wells Fargo & Company raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Finally, Stifel Nicolaus raised their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $35.55.

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.

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