Secure Asset Management LLC Lowers Holdings in VICI Properties Inc. $VICI

Key Points

• Secure Asset Management LLC decreased its stake in VICI Properties by 36.9%, holding 39,905 shares worth approximately $1.3 million after selling 23,357 shares during the second quarter.
• VICI Properties has raised its quarterly dividend from $0.43 to $0.45 per share, resulting in a 5.5% annualized dividend yield.
• Analysts have issued positive ratings for VICI Properties with price targets ranging from $35.00 to $38.00, indicating strong investor confidence in the stock.

Secure Asset Management LLC lessened its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 36.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,905 shares of the company's stock after selling 23,357 shares during the quarter. Secure Asset Management LLC's holdings in VICI Properties were worth $1,301,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VICI. Price T Rowe Associates Inc. MD raised its stake in VICI Properties by 205.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company's stock valued at $556,077,000 after acquiring an additional 11,458,239 shares during the period. Nuveen LLC bought a new position in VICI Properties during the 1st quarter worth $320,179,000. Deutsche Bank AG increased its position in VICI Properties by 172.4% during the 1st quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock worth $241,229,000 after buying an additional 4,680,136 shares during the period. American Century Companies Inc. increased its position in VICI Properties by 81.6% during the 1st quarter. American Century Companies Inc. now owns 8,252,528 shares of the company's stock worth $269,197,000 after buying an additional 3,707,396 shares during the period. Finally, Mackenzie Financial Corp increased its position in VICI Properties by 2,437.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock worth $98,982,000 after buying an additional 3,255,078 shares during the period. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Down 0.8%

Shares of VICI Properties stock traded down $0.27 on Friday, reaching $31.85. The company's stock had a trading volume of 19,307,147 shares, compared to its average volume of 7,645,263. The company has a market capitalization of $33.96 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 3.18 and a beta of 0.70. The firm's fifty day simple moving average is $33.08 and its two-hundred day simple moving average is $32.37. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.03. 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 (NYSE:VICI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting analysts' consensus estimates of $0.60. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities 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 issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This is an increase from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 5.7%. VICI Properties's dividend payout ratio is presently 68.97%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Evercore ISI raised their price target on VICI Properties from $37.00 to $38.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. JPMorgan Chase & Co. lifted their price objective on VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Scotiabank lifted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Citigroup restated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, Morgan Stanley lifted their target price on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.