McElhenny Sheffield Capital Management LLC Invests $477,000 in VICI Properties Inc. $VICI

Key Points

• McElhenny Sheffield Capital Management LLC has made a new investment in VICI Properties Inc., acquiring 14,638 shares valued at approximately $477,000 during the 2nd quarter.
• VICI Properties has reported a quarterly earnings per share (EPS) of $0.60, meeting analysts' expectations, while its revenue reached $1 billion, exceeding estimates.
• The company has announced an increase in its quarterly dividend to $0.45 per share, representing a 5.7% dividend yield for stockholders of record on September 18th.

McElhenny Sheffield Capital Management LLC purchased a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,638 shares of the company's stock, valued at approximately $477,000.

Several other institutional investors have also modified their holdings of the company. Chesley Taft & Associates LLC grew its stake 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 valued at $304,000 after buying an additional 324 shares during the period. Wright Investors Service Inc. grew its stake in shares of 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 buying an additional 330 shares during the period. Provident Investment Management Inc. grew its stake in shares of 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 buying an additional 350 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of 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 buying an additional 359 shares during the period. Finally, Moran Wealth Management LLC grew its stake in shares of VICI Properties by 0.9% during 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. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VICI. Mizuho boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. Morgan Stanley upped their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Stifel Nicolaus upped their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.00.

VICI Properties Stock Performance

NYSE:VICI opened at $31.43 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a 50-day moving average of $32.86 and a two-hundred day moving average of $32.37. The stock has a market cap of $33.52 billion, a P/E ratio of 12.04, a PEG ratio of 3.19 and a beta of 0.72. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.03.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting analysts' consensus estimates of $0.60. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business 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. This is a boost from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.7%. VICI Properties's dividend payout ratio (DPR) 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.

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