CreativeOne Wealth LLC Boosts Position in VICI Properties Inc. $VICI

Key Points

• CreativeOne Wealth LLC increased its stake in VICI Properties Inc. by 14.5% in Q1, holding 99,819 shares worth approximately $3.26 million at the end of the reporting period.
• Analysts have raised their price targets for VICI Properties, with Morgan Stanley and Wells Fargo now targeting $35.00 to $36.00, indicating a consensus rating of "Moderate Buy".
• VICI Properties declared a quarterly dividend of $0.4325 per share, reflecting an annualized yield of 5.1% based on a payout ratio of 66.28%.

CreativeOne Wealth LLC boosted its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 14.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 99,819 shares of the company's stock after acquiring an additional 12,616 shares during the quarter. CreativeOne Wealth LLC's holdings in VICI Properties were worth $3,256,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in VICI Properties during the first quarter valued at $29,000. AdvisorNet Financial Inc increased its position in VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after acquiring an additional 786 shares during the last quarter. CoreCap Advisors LLC increased its position in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after acquiring an additional 1,000 shares during the last quarter. Avalon Trust Co purchased a new stake in VICI Properties during the first quarter valued at $35,000. Finally, Quarry LP increased its position in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after acquiring an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley upped their price objective on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. JMP Securities set a $35.00 price target on VICI Properties in a report on Tuesday, July 22nd. Wells Fargo & Company boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday. Stifel Nicolaus boosted their price target on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Robert W. Baird boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $35.50.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $33.80 on Thursday. The stock has a 50 day moving average of $32.99 and a 200 day moving average of $32.14. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.29. The firm has a market cap of $36.04 billion, a PE ratio of 12.95, a PEG ratio of 3.34 and a beta of 0.68. 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 announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting 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 during the quarter, compared to analyst estimates of $991.59 million. During the same period in the prior year, the company earned $0.57 earnings per share. The firm'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. On average, research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.1%. VICI Properties's dividend payout ratio is presently 66.28%.

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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