PharVision Advisers LLC Invests $296,000 in VICI Properties Inc. $VICI

Key Points

• PharVision Advisers LLC acquired 9,080 shares of VICI Properties Inc., valued at approximately $296,000, highlighting growing institutional interest in the company.
• VICI Properties recently declared a quarterly dividend of $0.45, increasing from its previous dividend of $0.43, resulting in an annualized dividend yield of 5.4%.
• The average analyst rating for VICI Properties is a Moderate Buy, with a consensus target price of $35.55, following multiple recent upgrades from various firms.

PharVision Advisers LLC acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,080 shares of the company's stock, valued at approximately $296,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in VICI Properties in the first quarter worth approximately $29,000. CoreCap Advisors LLC boosted its stake in VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of VICI Properties by 362.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after buying an additional 786 shares during the period. Avalon Trust Co acquired a new stake in shares of VICI Properties during the 1st quarter valued at $35,000. Finally, Investment Management Corp VA ADV lifted its stake in shares of 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 purchasing an additional 709 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Trading Down 0.6%

VICI stock traded down $0.21 during midday trading on Tuesday, reaching $33.10. The company's stock had a trading volume of 9,045,052 shares, compared to its average volume of 7,838,547. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.29. The stock has a market cap of $35.30 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 3.33 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. The business's 50-day simple moving average is $33.16 and its 200-day simple moving average is $32.35.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. The firm had revenue of $1 billion for 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 business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The business 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 $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 5.4%. This is an increase from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's payout ratio is presently 66.28%.

Analyst Upgrades and Downgrades

VICI has been the subject of several analyst reports. Wells Fargo & Company lifted their price objective 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. JMP Securities set a $35.00 price objective on shares of VICI Properties in a report on Tuesday, July 22nd. Citigroup restated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Morgan Stanley boosted their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Finally, Scotiabank upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and an average target price of $35.55.

About VICI Properties

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.