Global Financial Private Client LLC Makes New $688,000 Investment in VICI Properties Inc. $VICI

Key Points

• Global Financial Private Client LLC has made a new investment of approximately $688,000 in VICI Properties Inc., acquiring 21,102 shares during the second quarter.
• VICI Properties recently declared a quarterly dividend of $0.45, an increase from the previous $0.43, resulting in an annualized dividend yield of 5.6%.
• Major analysts have raised their price targets for VICI Properties, with several institutions giving it an "outperform" or "buy" rating, indicating strong market confidence in the stock moving forward.

Global Financial Private Client LLC acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 21,102 shares of the company's stock, valued at approximately $688,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Chesley Taft & Associates LLC increased its stake in shares of VICI Properties by 3.6% in the second quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company's stock worth $304,000 after buying an additional 324 shares during the period. Provident Investment Management Inc. grew its holdings in VICI Properties by 1.5% in the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company's stock worth $776,000 after acquiring an additional 350 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of 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 acquiring an additional 359 shares during the period. Moran Wealth Management LLC raised its stake in shares of VICI Properties by 0.9% during the first quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock valued at $1,324,000 after acquiring an additional 360 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its holdings in shares of VICI Properties by 3.9% during the first quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company's stock worth $347,000 after purchasing an additional 403 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

VICI has been the topic of a number of research analyst reports. Evercore ISI boosted their price target on VICI Properties from $37.00 to $38.00 and gave the company an "outperform" rating in a report on Monday. JPMorgan Chase & Co. upped their target price on VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. JMP Securities set a $35.00 price target on shares of VICI Properties in a report on Tuesday, July 22nd. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Stifel Nicolaus raised their target price on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $35.92.

VICI Properties Price Performance

VICI opened at $32.10 on Friday. The company's 50-day simple moving average is $33.11 and its two-hundred day simple moving average is $32.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $34.23 billion, a P/E ratio of 12.30, a P/E/G ratio of 3.25 and a beta of 0.70. 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 released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be paid a $0.45 dividend. This is an increase from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.6%. VICI Properties's dividend payout ratio (DPR) 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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