Livforsakringsbolaget Skandia Omsesidigt Invests $260,000 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 shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,900 shares of the company's stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in VICI Properties in the 1st quarter valued at $29,000. AdvisorNet Financial Inc lifted its position in VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after acquiring an additional 786 shares in the last quarter. Avalon Trust Co bought a new stake in VICI Properties in the 1st quarter valued at $35,000. Investment Management Corp VA ADV lifted its position in VICI Properties by 171.3% in the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock valued at $37,000 after acquiring an additional 709 shares in the last quarter. Finally, Kestra Investment Management LLC raised its holdings in shares of VICI Properties by 55.5% in the 1st 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 during the period. 97.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on VICI shares. Evercore ISI upped their price target on shares of VICI Properties from $37.00 to $38.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price target 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. Wells Fargo & Company increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Finally, Mizuho lifted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "outperform" rating in a report on Thursday, September 11th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

VICI Properties Stock Up 0.7%

Shares of NYSE:VICI traded up $0.22 during midday trading on Tuesday, reaching $31.65. The company's stock had a trading volume of 2,159,599 shares, compared to its average volume of 7,024,740. The firm has a 50 day moving average of $33.03 and a 200-day moving average of $32.36. The firm has a market capitalization of $33.75 billion, a P/E ratio of 12.12, a PEG ratio of 3.18 and a beta of 0.70. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates 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 the consensus estimate of $991.59 million. During the same period in the prior year, the firm earned $0.57 EPS. The company's 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. On average, research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be given a dividend of $0.45 per share. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 5.7%. VICI Properties's payout ratio is currently 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.