Ethic Inc. lifted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 33.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 65,698 shares of the company's stock after purchasing an additional 16,325 shares during the quarter. Ethic Inc.'s holdings in VICI Properties were worth $2,131,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in VICI. Provident Investment Management Inc. lifted its stake in shares of VICI Properties by 1.5% in the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company's stock valued at $776,000 after purchasing an additional 350 shares during the period. Cullen Frost Bankers Inc. lifted its stake in VICI Properties by 8.5% in 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 period. Moran Wealth Management LLC lifted its stake in VICI Properties by 0.9% in 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 period. Benjamin Edwards Inc. boosted its holdings in VICI Properties by 3.1% during the fourth quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock worth $369,000 after buying an additional 378 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its position in shares of VICI Properties by 3.9% during the 1st quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company's stock worth $347,000 after buying an additional 403 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.
VICI Properties Stock Up 0.2%
VICI stock traded up $0.0550 during trading hours on Thursday, reaching $33.0250. 9,296,804 shares of the stock were exchanged, compared to its average volume of 6,840,167. The firm's 50-day moving average is $32.87 and its 200-day moving average is $32.02. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.29. The company has a market cap of $35.22 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 3.25 and a beta of 0.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74.
VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. The company had revenue of $1 billion for 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%.The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is currently 66.28%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on VICI shares. Stifel Nicolaus upped 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. Citigroup restated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Robert W. Baird boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Truist Financial upped their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.40.
Check Out Our Latest Analysis on VICI Properties
VICI Properties Company Profile
(
Free Report)
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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