Dakota Wealth Management Purchases New Position in VICI Properties Inc. $VICI

Key Points

• Dakota Wealth Management has acquired a new stake in VICI Properties Inc., purchasing 26,446 shares valued at approximately $862,000 during the second quarter.
• VICI Properties announced a quarterly dividend increase to $0.45, up from $0.43, representing an annualized dividend yield of 5.6%.
• Wall Street analysts have remained positive, with target price upgrades; Morgan Stanley raised its target from $33.00 to $35.00, reflecting a general trend of confidence in VICI's performance.

Dakota Wealth Management purchased a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,446 shares of the company's stock, valued at approximately $862,000.

Other large investors have also made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of VICI Properties in the 1st quarter valued at approximately $29,000. AdvisorNet Financial Inc lifted its holdings in VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after purchasing an additional 786 shares during the last quarter. Hoey Investments Inc. acquired a new stake in VICI Properties in the 2nd quarter worth approximately $33,000. Avalon Trust Co acquired a new stake in VICI Properties in the 1st quarter worth approximately $35,000. Finally, Investment Management Corp VA ADV lifted its holdings in VICI Properties by 171.3% in the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock worth $37,000 after purchasing an additional 709 shares during the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $32.43 on Friday. The business has a fifty day simple moving average of $32.96 and a 200 day simple moving average 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 firm has a market capitalization of $34.58 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 3.24 and a beta of 0.70. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03.

VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. The business had revenue of $1 billion during 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 revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Sell-side analysts expect 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. Investors of record on Thursday, September 18th will be paid a $0.45 dividend. The ex-dividend date is Thursday, September 18th. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.6%. VICI Properties's dividend payout ratio is currently 68.97%.

Wall Street Analysts Forecast Growth

VICI has been the subject of several analyst reports. Morgan Stanley boosted their target price on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Evercore ISI boosted their target price on VICI Properties from $37.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Scotiabank upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Finally, Stifel Nicolaus upped their price target on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and an average target price of $35.92.

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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