Livforsakringsbolaget Skandia Omsesidigt Acquires New Holdings in VICI Properties Inc. $VICI

Key Points

• Livforsakringsbolaget Skandia Omsesidigt acquired 7,900 shares of VICI Properties Inc. during the second quarter, valued at approximately $260,000.
• VICI Properties reported a quarterly earnings per share of $0.60, in line with analysts' expectations, with revenue of $1 billion for the quarter, a 4.6% increase year-over-year.
• The company has recently increased its quarterly dividend from $0.43 to $0.45 per share, reflecting a dividend yield of 5.7%.

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in VICI Properties Inc. (NYSE:VICI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,900 shares of the company's stock, valued at approximately $260,000.

Several other institutional investors also recently modified their holdings of the business. Wayfinding Financial LLC bought a new stake in VICI Properties during the 1st quarter valued at about $29,000. AdvisorNet Financial Inc boosted its holdings in shares of VICI Properties by 362.2% in the first 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 last quarter. Avalon Trust Co purchased a new position in shares of VICI Properties in the first quarter worth approximately $35,000. Investment Management Corp VA ADV boosted its holdings in shares of VICI Properties by 171.3% in the first 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 last quarter. Finally, Kestra Investment Management LLC lifted its holdings in VICI Properties by 55.5% during the first quarter. Kestra Investment Management LLC now owns 1,776 shares of the company's stock valued at $58,000 after purchasing an additional 634 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Trading Down 0.8%

Shares of NYSE VICI traded down $0.27 during trading on Friday, hitting $31.85. 19,307,147 shares of the company were exchanged, compared to its average volume of 7,645,263. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month 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. The company has a fifty day moving average price of $33.08 and a 200-day moving average price of $32.37. The firm has a market capitalization of $33.96 billion, a PE ratio of 12.20, a P/E/G ratio of 3.18 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last posted 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 return on equity of 10.21% and a net margin of 70.20%.The business had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same quarter in the previous year, the firm earned $0.57 EPS. The company's quarterly 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, equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, September 18th. This represents a $1.80 annualized dividend and a dividend yield of 5.7%. This is a boost from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's payout ratio is presently 68.97%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VICI. JMP Securities set a $35.00 target price on shares of VICI Properties in a report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on shares of VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. Mizuho upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company upped their price objective 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. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, VICI Properties has an average rating of "Moderate Buy" and an average target price of $35.92.

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.