Capital Investment Advisors LLC Increases Position in VICI Properties Inc. $VICI

Key Points

• Capital Investment Advisors LLC increased its holdings in VICI Properties Inc. by 5.0% during the second quarter, now owning 378,394 shares valued at approximately $12.3 million.
• VICI Properties reported a second-quarter earnings per share (EPS) of $0.60, matching the consensus estimate, with a revenue increase of 4.6% year-over-year.
• The company recently announced a quarterly dividend of $0.45 per share, raising its annualized yield to 5.5%, with a payout ratio of 68.97%.

Capital Investment Advisors LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 378,394 shares of the company's stock after acquiring an additional 17,929 shares during the quarter. Capital Investment Advisors LLC's holdings in VICI Properties were worth $12,336,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC purchased a new stake in shares of VICI Properties during the first quarter worth about $29,000. AdvisorNet Financial Inc increased its position in shares of VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after acquiring an additional 786 shares during the last quarter. Hoey Investments Inc. bought a new stake in VICI Properties in the second quarter valued at about $33,000. Avalon Trust Co bought a new stake in VICI Properties in the first quarter valued at about $35,000. Finally, Investment Management Corp VA ADV increased its holdings in VICI Properties by 171.3% in the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock valued at $37,000 after buying an additional 709 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VICI has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Wells Fargo & Company lifted their target price on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Evercore ISI lifted their target price on VICI Properties from $37.00 to $38.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Finally, Morgan Stanley lifted their target price on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $32.53 on Tuesday. 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 50 day simple moving average of $32.96 and a 200-day simple moving average of $32.36. The company has a market cap of $34.69 billion, a PE ratio of 12.46, a P/E/G ratio of 3.24 and a beta of 0.70. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The business's revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. 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 year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.5%. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 18th. VICI Properties's payout ratio is currently 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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