LDR Capital Management LLC Purchases 86,557 Shares of VICI Properties Inc. $VICI

Key Points

• LDR Capital Management LLC increased its stake in VICI Properties by 83.7%, acquiring an additional 86,557 shares, which positions VICI as the firm's 4th largest holding.
• Recent research reports show that multiple analysts, including JPMorgan Chase and Wells Fargo, have raised their price targets on VICI Properties, signaling a consensus rating of "Moderate Buy" with an average target price of $36.00.
• VICI Properties announced a quarterly dividend increase to $0.45, reflecting a dividend yield of 5.5% and a payout ratio of 68.97%.

LDR Capital Management LLC lifted its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 83.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,938 shares of the company's stock after purchasing an additional 86,557 shares during the period. VICI Properties accounts for 8.0% of LDR Capital Management LLC's portfolio, making the stock its 4th largest position. LDR Capital Management LLC's holdings in VICI Properties were worth $6,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VICI. Duncan Williams Asset Management LLC boosted its stake in VICI Properties by 28.4% in the 2nd quarter. Duncan Williams Asset Management LLC now owns 21,934 shares of the company's stock worth $715,000 after purchasing an additional 4,851 shares during the period. PUREfi Wealth LLC bought a new position in shares of VICI Properties during the second quarter worth approximately $236,000. Valeo Financial Advisors LLC bought a new stake in VICI Properties during the second quarter worth about $4,972,000. DAVENPORT & Co LLC boosted its stake in VICI Properties by 6.0% in the second quarter. DAVENPORT & Co LLC now owns 11,290 shares of the company's stock valued at $368,000 after buying an additional 644 shares in the last quarter. Finally, JSF Financial LLC acquired a new position in VICI Properties in the 2nd quarter worth about $1,159,000. Institutional investors own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. 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 report on Wednesday, September 10th. Weiss Ratings reiterated a "buy (b-)" rating on shares of VICI Properties in a research note on Saturday, September 27th. Wells Fargo & Company increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Evercore ISI boosted their target price on VICI Properties from $37.00 to $38.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.00.

VICI Properties Price Performance

VICI Properties stock opened at $32.65 on Monday. The business's 50 day simple moving average is $32.90 and its 200 day simple moving average is $32.37. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.03. The company has a market cap of $34.81 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 3.25 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 issued its 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. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same period in the previous year, the company posted $0.57 earnings per share. The business's revenue was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, September 18th. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 5.5%. VICI Properties's dividend payout ratio is 68.97%.

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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