Drucker Wealth 3.0 LLC Makes New Investment in VICI Properties Inc. $VICI

Key Points

• Drucker Wealth 3.0 LLC acquired a stake in VICI Properties Inc., purchasing 11,368 shares valued at approximately $375,000 in the second quarter.
• VICI Properties recently declared a quarterly dividend of $0.45, representing a 5.8% yield, which is an increase from the previous dividend of $0.43.
• The stock has received positive analyst ratings, with an average price target of $36.00 and several firms recommending an "overweight" rating.

Drucker Wealth 3.0 LLC acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,368 shares of the company's stock, valued at approximately $375,000.

A number of other hedge funds have also recently made changes to their positions in the business. Chesley Taft & Associates LLC grew its holdings in shares of VICI Properties by 3.6% during the second quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company's stock valued at $304,000 after buying an additional 324 shares during the last quarter. Wright Investors Service Inc. grew its holdings in shares of VICI Properties by 0.4% during the second quarter. Wright Investors Service Inc. now owns 74,517 shares of the company's stock valued at $2,429,000 after buying an additional 330 shares during the last quarter. Provident Investment Management Inc. grew its holdings in shares of VICI Properties by 1.5% during the first quarter. Provident Investment Management Inc. now owns 23,785 shares of the company's stock valued at $776,000 after buying an additional 350 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of VICI Properties by 8.5% during the first quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company's stock valued at $150,000 after buying an additional 359 shares during the last quarter. Finally, Moran Wealth Management LLC grew its holdings in shares of VICI Properties by 0.9% during the first quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock valued at $1,324,000 after buying an additional 360 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

NYSE VICI opened at $30.97 on Friday. The company's 50 day moving average is $32.78 and its 200-day moving average is $32.36. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The firm has a market cap of $33.03 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 3.09 and a beta of 0.72.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The company's quarterly 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. 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 was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.8%. This is an increase from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties's payout ratio is presently 68.97%.

Analyst Ratings Changes

VICI has been the topic of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on shares of VICI Properties in a research report on Wednesday, October 1st. They set an "overweight" rating and a $37.00 price target on the stock. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Scotiabank raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Weiss Ratings reissued a "buy (b-)" rating on shares of VICI Properties in a research report on Wednesday. Finally, Wells Fargo & Company lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties currently has an average rating of "Moderate Buy" and an average price target of $36.00.

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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