J. Safra Sarasin Holding AG Has $1.29 Million Holdings in VICI Properties Inc. $VICI

Key Points

• J. Safra Sarasin Holding AG reduced its holdings in VICI Properties Inc. by 34.2%, resulting in a total of $1.29 million worth of shares.
• VICI Properties recently announced an increase in its quarterly dividend from $0.43 to $0.45 per share, representing an annualized yield of 5.5%.
• Analysts have a consensus rating of "Moderate Buy" for VICI Properties with a price target of $36.00, indicating positive sentiment in the market.

J. Safra Sarasin Holding AG decreased its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 34.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,671 shares of the company's stock after selling 20,585 shares during the period. J. Safra Sarasin Holding AG's holdings in VICI Properties were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in VICI. Wayfinding Financial LLC acquired a new stake in shares of VICI Properties during the 1st quarter worth approximately $29,000. Hoey Investments Inc. acquired a new stake in shares of VICI Properties during the 2nd quarter worth approximately $33,000. Avalon Trust Co acquired a new stake in shares of VICI Properties during the 1st quarter worth approximately $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 worth $37,000 after acquiring 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 worth $58,000 after acquiring an additional 634 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on VICI shares. Cantor Fitzgerald started coverage on shares of VICI Properties in a research report on Wednesday. They set an "overweight" rating and a $37.00 price target on the stock. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research note on Tuesday, July 22nd. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Morgan Stanley increased their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of VICI Properties in a research note on Saturday, September 27th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.00.

VICI Properties Price Performance

VICI stock opened at $32.65 on Friday. The company has a fifty day moving average price of $32.90 and a 200-day moving average price of $32.37. The company has a market capitalization of $34.81 billion, a P/E ratio of 12.51, a PEG ratio of 3.27 and a beta of 0.72. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.03. 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 (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be paid a dividend of $0.45 per share. 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 yield of 5.5%. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties's payout ratio is 68.97%.

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.

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