Fiduciary Family Office LLC Purchases Shares of 8,577 VICI Properties Inc. $VICI

Key Points

• Fiduciary Family Office LLC has purchased 8,577 shares of VICI Properties Inc. for approximately $280,000, marking a new stake in the company during the second quarter.
• VICI Properties reported $1 billion in revenue for the recent quarter, surpassing analysts’ estimates and reflecting a 4.6% year-over-year increase in revenue.
• The company announced an increase in its quarterly dividend from $0.43 to $0.45, resulting in an annualized dividend of $1.80 with a dividend yield of 5.8%.

Fiduciary Family Office LLC purchased a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,577 shares of the company's stock, valued at approximately $280,000.

Other institutional investors have also recently 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 about $29,000. Hoey Investments Inc. bought a new stake in shares of VICI Properties in the 2nd quarter valued at about $33,000. Avalon Trust Co bought a new stake in shares of VICI Properties in the 1st quarter valued at about $35,000. Investment Management Corp VA ADV boosted its position in shares of VICI Properties by 171.3% during the 1st 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 in the last quarter. Finally, Kestra Investment Management LLC boosted its position in shares of VICI Properties by 55.5% during the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company's stock valued at $58,000 after purchasing an additional 634 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Down 0.0%

Shares of NYSE:VICI opened at $31.20 on Wednesday. The business's 50 day simple moving average is $32.48 and its two-hundred day simple moving average is $32.32. The firm has a market cap of $33.27 billion, a P/E ratio of 11.95, a PEG ratio of 3.11 and a beta of 0.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.03.

VICI Properties (NYSE:VICI - Get Free Report) last posted 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 company had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same quarter last year, the company earned $0.57 earnings per share. The company's revenue for the quarter was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued 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 dividend yield of 5.8%. The ex-dividend date was Thursday, September 18th. VICI Properties's dividend payout ratio is 68.97%.

Analyst Upgrades and Downgrades

VICI has been the topic of several research analyst reports. Scotiabank upped their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Stifel Nicolaus upped their target price on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Evercore ISI upped their target price on VICI Properties from $37.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Finally, JMP Securities set a $35.00 target price on VICI Properties in a research report on Tuesday, July 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $36.08.

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.

Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.