Empowered Funds LLC Grows Stock Holdings in VICI Properties Inc. $VICI

Key Points

• Empowered Funds LLC increased its stake in VICI Properties Inc. by 83.3%, owning 234,403 shares valued at approximately $7.6 million.
• VICI Properties declared a new quarterly dividend of $0.45, up from $0.43, providing an annual yield of 5.4%.
• Analysts have set a consensus target price of $35.75 for VICI Properties, with several firms raising their price targets recently.

Empowered Funds LLC raised its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 83.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 234,403 shares of the company's stock after buying an additional 106,519 shares during the period. Empowered Funds LLC's holdings in VICI Properties were worth $7,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC purchased a new position in shares of VICI Properties during the first quarter worth $29,000. CoreCap Advisors LLC boosted its position in shares of VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after buying an additional 1,000 shares during the period. AdvisorNet Financial Inc boosted 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 buying an additional 786 shares during the period. Avalon Trust Co purchased a new position in shares of VICI Properties during the first quarter worth $35,000. Finally, Investment Management Corp VA ADV boosted its position in shares of VICI Properties by 171.3% during the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock worth $37,000 after buying an additional 709 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Up 0.1%

VICI Properties stock opened at $33.14 on Thursday. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market cap of $35.34 billion, a PE ratio of 12.70, a P/E/G ratio of 3.31 and a beta of 0.70. The stock's fifty day moving average is $33.16 and its two-hundred day moving average is $32.36.

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 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 for the quarter, compared to analysts' expectations of $991.59 million. During the same period last year, the firm earned $0.57 earnings per share. VICI Properties's quarterly 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, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be paid a $0.45 dividend. This is a boost from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Thursday, September 18th. VICI Properties's payout ratio is 66.28%.

Analysts Set New Price Targets

Several research firms have recently commented on VICI. Morgan Stanley raised their price target on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price objective on VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday. Wells Fargo & Company increased their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Finally, JMP Securities set a $35.00 price objective on VICI Properties in a research note on Tuesday, July 22nd. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and a consensus target price of $35.75.

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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