GC Wealth Management RIA LLC Sells 9,856 Shares of VICI Properties Inc. $VICI

Key Points

• GC Wealth Management RIA LLC reduced its stake in VICI Properties Inc. by 41.9%, selling 9,856 shares in the second quarter and retaining a total of 13,675 shares worth $446,000.
• Several hedge funds have increased their investments in VICI, with AdvisorNet Financial Inc growing its stake by 362.2% and GAMMA Investing LLC by 2,881.4% during the first quarter.
• VICI Properties announced a quarterly dividend of $0.45 per share, up from $0.43, representing an annualized yield of 5.5%, with payment set for October 9th.

GC Wealth Management RIA LLC trimmed its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 41.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,675 shares of the company's stock after selling 9,856 shares during the quarter. GC Wealth Management RIA LLC's holdings in VICI Properties were worth $446,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of VICI. AdvisorNet Financial Inc grew its stake in 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 in the last quarter. GAMMA Investing LLC grew its stake in VICI Properties by 2,881.4% in the first quarter. GAMMA Investing LLC now owns 416,916 shares of the company's stock valued at $12,781,000 after purchasing an additional 402,932 shares in the last quarter. Parallel Advisors LLC grew its stake in VICI Properties by 40.9% in the first quarter. Parallel Advisors LLC now owns 10,769 shares of the company's stock valued at $351,000 after purchasing an additional 3,124 shares in the last quarter. Rhumbline Advisers grew its stake in VICI Properties by 6.4% in the first quarter. Rhumbline Advisers now owns 2,058,711 shares of the company's stock valued at $67,155,000 after purchasing an additional 123,458 shares in the last quarter. Finally, Czech National Bank grew its stake in VICI Properties by 5.9% in the first quarter. Czech National Bank now owns 242,089 shares of the company's stock valued at $7,897,000 after purchasing an additional 13,523 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VICI. Scotiabank raised their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. JMP Securities set a $35.00 price objective on VICI Properties in a research report on Tuesday, July 22nd. Morgan Stanley raised their price objective on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. raised their price objective on VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $35.92.

VICI Properties Stock Performance

NYSE:VICI opened at $32.54 on Wednesday. The stock has a market cap of $34.70 billion, a P/E ratio of 12.47, a PEG ratio of 3.25 and a beta of 0.70. The stock has a 50 day simple moving average of $32.94 and a 200 day simple moving average of $32.36. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.03.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Thursday, September 18th. This is an increase from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's payout ratio is 68.97%.

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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