Callan Family Office LLC Acquires Shares of 23,441 VICI Properties Inc. $VICI

Key Points

• Callan Family Office LLC acquired a stake of 23,441 shares in VICI Properties Inc, valued at approximately $764,000, during the second quarter.
• Several hedge funds have increased their investments in VICI Properties, contributing to institutional investors owning 97.71% of the company’s stock.
• VICI Properties recently increased its quarterly dividend to $0.45, up from $0.43, representing an annualized dividend of $1.80 with a yield of 5.8%.

Callan Family Office LLC acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,441 shares of the company's stock, valued at approximately $764,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL grew its stake in VICI Properties by 3.3% in the second quarter. Blair William & Co. IL now owns 145,525 shares of the company's stock valued at $4,744,000 after acquiring an additional 4,640 shares during the period. Leo Wealth LLC boosted its position in shares of VICI Properties by 5.7% during the second quarter. Leo Wealth LLC now owns 7,271 shares of the company's stock valued at $237,000 after buying an additional 391 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in shares of VICI Properties during the second quarter valued at approximately $477,000. Tectonic Advisors LLC boosted its position in shares of VICI Properties by 12.1% during the second quarter. Tectonic Advisors LLC now owns 291,795 shares of the company's stock valued at $9,512,000 after buying an additional 31,482 shares during the last quarter. Finally, Columbus Macro LLC boosted its position in shares of VICI Properties by 12.1% during the second quarter. Columbus Macro LLC now owns 139,023 shares of the company's stock valued at $4,532,000 after buying an additional 15,040 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VICI shares. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of VICI Properties in a research report on Wednesday, October 8th. JMP Securities set a $35.00 target price on VICI Properties in a research report on Tuesday, July 22nd. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Cantor Fitzgerald started coverage on VICI Properties in a research report on Wednesday, October 1st. They set an "overweight" rating and a $37.00 target price on the stock. Finally, Stifel Nicolaus lifted their target price on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.00.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $30.94 on Tuesday. The business's fifty day simple moving average is $32.72 and its 200 day simple moving average is $32.35. The firm has a market capitalization of $32.99 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 3.09 and a beta of 0.72. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.03. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62.

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 analysts' consensus estimates of $0.60. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.VICI Properties's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were paid a $0.45 dividend. The ex-dividend date 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 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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