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

Several other large investors have also modified their holdings of VICI. Wayfinding Financial LLC purchased a new stake in VICI Properties during the 1st quarter worth $29,000. AdvisorNet Financial Inc grew its position in VICI Properties by 362.2% in the first 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 acquired a new stake in VICI Properties in the first quarter valued at approximately $35,000. Investment Management Corp VA ADV grew its position in VICI Properties by 171.3% in the first 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 grew its position in VICI Properties by 55.5% in the first quarter. Kestra Investment Management LLC now owns 1,776 shares of the company's stock valued at $58,000 after acquiring an additional 634 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VICI has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Mizuho raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. Scotiabank raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Finally, Citigroup reissued a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned 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 Performance

VICI Properties stock traded down $0.27 during midday trading on Friday, reaching $31.85. 19,307,147 shares of the stock traded hands, compared to its average volume of 7,645,263. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $33.08 and a two-hundred day moving average price of $32.37. The firm has a market cap of $33.96 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 3.18 and a beta of 0.70. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week 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, hitting the consensus estimate of $0.60. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be issued a $0.45 dividend. 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%. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's dividend 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.