DoubleLine ETF Adviser LP Has $1.99 Million Stock Position in VICI Properties Inc. $VICI

Key Points

• DoubleLine ETF Adviser LP reduced its stake in VICI Properties Inc. by 18.7%, selling 14,070 shares and bringing its total holdings to 61,113 shares valued at approximately $1.99 million.
• Institutional investors hold a significant majority, with 97.71% of VICI Properties' stock owned by hedge funds and other entities, indicating strong institutional interest in the company.
• VICI Properties reported a net revenue of $1 billion for the last quarter, showing a 4.6% increase year-over-year, while the earnings per share hit the consensus estimate of $0.60.

DoubleLine ETF Adviser LP decreased its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 18.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,113 shares of the company's stock after selling 14,070 shares during the quarter. DoubleLine ETF Adviser LP's holdings in VICI Properties were worth $1,994,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of VICI Properties during the 1st quarter worth approximately $29,000. AdvisorNet Financial Inc increased its holdings in shares of VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after purchasing an additional 786 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. Avalon Trust Co acquired a new position in shares of VICI Properties in the first quarter valued at $35,000. Finally, Investment Management Corp VA ADV increased its holdings in shares of 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 purchasing an additional 709 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Price Performance

Shares of NYSE:VICI traded up $0.10 during trading on Friday, reaching $33.60. 5,765,850 shares of the company traded hands, compared to its average volume of 7,550,876. The company's 50 day moving average is $33.15 and its two-hundred day moving average is $32.32. The firm has a market capitalization of $35.82 billion, a PE ratio of 12.87, a PEG ratio of 3.36 and a beta of 0.70. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share 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 firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. During the same period in the prior year, the company posted $0.57 EPS. The company'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 predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.45 per share. This is an increase from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.4%. VICI Properties's payout ratio is presently 68.97%.

Wall Street Analysts Forecast Growth

Several research firms have commented on VICI. JMP Securities set a $35.00 price objective on shares of VICI Properties in a report on Tuesday, July 22nd. Morgan Stanley boosted their price target 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. Scotiabank boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Stifel Nicolaus boosted their price target on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, 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 research note on Wednesday, August 27th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $35.55.

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.