Janney Montgomery Scott LLC Boosts Stake in VICI Properties Inc. $VICI

Key Points

• Janney Montgomery Scott LLC increased its stake in VICI Properties by 14.8%, owning nearly 600,000 shares valued at approximately $19.5 million.
• VICI Properties reported a quarterly earnings per share (EPS) of $0.60, meeting analyst estimates, with revenue increasing 4.6% compared to the previous year.
• The company announced a quarterly dividend increase from $0.43 to $0.45, providing an annualized dividend yield of 5.5%.

Janney Montgomery Scott LLC increased its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 14.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 597,996 shares of the company's stock after purchasing an additional 76,997 shares during the period. Janney Montgomery Scott LLC owned 0.06% of VICI Properties worth $19,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Chesley Taft & Associates LLC raised its position in shares of VICI Properties by 3.6% during the 2nd quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company's stock worth $304,000 after purchasing an additional 324 shares during the last quarter. Wright Investors Service Inc. grew its stake in VICI Properties by 0.4% during the 2nd quarter. Wright Investors Service Inc. now owns 74,517 shares of the company's stock valued at $2,429,000 after acquiring an additional 330 shares in the last quarter. Provident Investment Management Inc. grew its stake in VICI Properties by 1.5% during the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company's stock valued at $776,000 after acquiring an additional 350 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in VICI Properties by 8.5% during the 1st 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 in the last quarter. Finally, Moran Wealth Management LLC grew its stake in shares of VICI Properties by 0.9% in the 1st quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock valued at $1,324,000 after buying an additional 360 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Price Performance

Shares of VICI opened at $32.75 on Friday. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.03. The firm's fifty day simple moving average is $32.92 and its 200-day simple moving average is $32.37. The firm has a market capitalization of $34.92 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 3.28 and a beta of 0.72. 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 (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same period last year, the business earned $0.57 EPS. VICI Properties's revenue for the quarter 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. Equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be paid 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 yield of 5.5%. The ex-dividend date is Thursday, September 18th. VICI Properties's dividend payout ratio (DPR) is presently 68.97%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VICI. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Wells Fargo & Company increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Cantor Fitzgerald initiated coverage on shares of VICI Properties in a research note on Wednesday. They issued an "overweight" rating and a $37.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.00.

VICI Properties Company 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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