Beech Hill Advisors Inc. Sells 16,204 Shares of VICI Properties Inc. $VICI

Key Points

• Beech Hill Advisors Inc. reduced its holdings in VICI Properties by 18.6%, selling 16,204 shares and owning 70,844 shares worth approximately $2.31 million after the sale.
• VICI Properties recently increased its quarterly dividend from $0.43 to $0.45, resulting in an annualized dividend of $1.80 and a yield of 5.8%.
• Currently, 97.71% of VICI Properties' stock is owned by institutional investors, and it holds a consensus rating of "Moderate Buy" from analysts with a price target of $36.08.

Beech Hill Advisors Inc. decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 18.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,844 shares of the company's stock after selling 16,204 shares during the quarter. Beech Hill Advisors Inc.'s holdings in VICI Properties were worth $2,310,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of VICI. Blackhawk Capital Partners LLC. boosted its position in shares of VICI Properties by 102.3% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock worth $643,000 after purchasing an additional 9,967 shares during the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in VICI Properties in the first quarter valued at approximately $2,170,000. DAVENPORT & Co LLC raised its holdings in VICI Properties by 3.9% in the first quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company's stock worth $347,000 after purchasing an additional 403 shares during the period. Adams Diversified Equity Fund Inc. acquired a new stake in VICI Properties in the first quarter worth $11,032,000. Finally, Concurrent Investment Advisors LLC boosted its position in shares of VICI Properties by 49.8% during the first quarter. Concurrent Investment Advisors LLC now owns 62,760 shares of the company's stock worth $2,047,000 after purchasing an additional 20,855 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VICI. Weiss Ratings reiterated a "buy (b-)" rating on shares of VICI Properties in a report on Wednesday, October 8th. Evercore ISI lifted their price objective on VICI Properties from $37.00 to $38.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Wells Fargo & Company increased their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Morgan Stanley lifted their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $36.08.

VICI Properties Stock Performance

VICI opened at $31.20 on Tuesday. 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's 50-day simple moving average is $32.52 and its 200 day simple moving average is $32.32. The firm has a market capitalization of $33.27 billion, a PE ratio of 11.95, a PEG ratio of 3.07 and a beta of 0.72. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.03.

VICI Properties (NYSE:VICI - Get Free Report) last announced 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. 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 quarter in the prior year, the business posted $0.57 EPS. The business'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. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This is a boost from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 5.8%. VICI Properties's payout ratio is currently 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.

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