Gilman Hill Asset Management LLC Invests $8.63 Million in VICI Properties Inc. $VICI

Key Points

• Gilman Hill Asset Management LLC invested approximately $8.63 million in VICI Properties Inc., acquiring 264,685 shares during the 2nd quarter, making it the firm's 18th largest position.
• VICI Properties announced a quarterly dividend of $0.45 per share, which is an increase from the previous dividend of $0.43, representing an annualized yield of 5.5%.
• Analysts have raised their price targets for VICI Properties, with a consensus target now set at $35.92, indicating a generally positive outlook on the stock's performance.

Gilman Hill Asset Management LLC acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 264,685 shares of the company's stock, valued at approximately $8,629,000. VICI Properties accounts for about 1.4% of Gilman Hill Asset Management LLC's portfolio, making the stock its 18th largest holding.

A number of other hedge funds have also recently modified their holdings of VICI. Wayfinding Financial LLC bought a new position in VICI Properties in the 1st quarter worth $29,000. AdvisorNet Financial Inc boosted its holdings in VICI Properties by 362.2% in the 1st 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 bought a new position in VICI Properties in the 1st quarter worth $35,000. Investment Management Corp VA ADV boosted its holdings in VICI Properties by 171.3% in the 1st 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. Finally, Kestra Investment Management LLC boosted its holdings in VICI Properties by 55.5% in the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company's stock worth $58,000 after buying an additional 634 shares during the period. Institutional investors own 97.71% of the company's stock.

VICI Properties Trading Down 0.8%

Shares of VICI traded down $0.27 during midday trading on Friday, hitting $31.85. The stock had a trading volume of 19,307,147 shares, compared to its average volume of 7,039,708. The stock's 50 day moving average is $33.08 and its 200 day moving average is $32.37. The firm has a market cap of $33.96 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 3.25 and a beta of 0.70. 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 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 issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 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 the consensus estimate of $991.59 million. During the same period in the prior year, the firm posted $0.57 EPS. The firm's 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. As a group, analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be given a $0.45 dividend. This is an increase from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a yield of 5.7%. VICI Properties's dividend payout ratio is currently 68.97%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VICI. Scotiabank upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. boosted their price target on shares of VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Wells Fargo & Company boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Morgan Stanley boosted their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, JMP Securities set a $35.00 price target on shares of 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.92.

About VICI Properties

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.