Sequoia Financial Advisors LLC Purchases 34,402 Shares of VICI Properties Inc. $VICI

Key Points

• Sequoia Financial Advisors LLC increased its holdings in VICI Properties by 2.5%, now owning 1,434,945 shares valued at approximately $46.8 million after purchasing an additional 34,402 shares.
• VICI Properties reported a quarterly earnings per share (EPS) of $0.60, matching estimates, and announced a dividend increase to $0.45 per share, yielding 5.8% annually.
• Analysts are optimistic about VICI Properties, with an average price target of $36.00 and most ratings categorized as a "Moderate Buy."

Sequoia Financial Advisors LLC grew its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,434,945 shares of the company's stock after purchasing an additional 34,402 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.13% of VICI Properties worth $46,779,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VICI. Wayfinding Financial LLC bought a new position in VICI Properties during the 1st quarter worth approximately $29,000. Hoey Investments Inc. bought a new position in VICI Properties during the 2nd quarter worth approximately $33,000. Avalon Trust Co bought a new position in VICI Properties during the 1st quarter worth approximately $35,000. Investment Management Corp VA ADV increased 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 acquiring an additional 709 shares in the last quarter. Finally, Kestra Investment Management LLC increased its stake 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 acquiring an additional 634 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

NYSE VICI opened at $30.97 on Monday. The company has a fifty day simple moving average of $32.78 and a 200 day simple moving average of $32.36. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03. 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 company has a market cap of $33.03 billion, a P/E ratio of 11.87, a PEG ratio of 3.09 and a beta of 0.72.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. During the same quarter last year, the firm posted $0.57 EPS. VICI Properties'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. Sell-side analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a yield of 5.8%. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's payout ratio is presently 68.97%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective 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. Evercore ISI lifted their price objective 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. Cantor Fitzgerald assumed coverage on shares of VICI Properties in a research note on Wednesday, October 1st. They issued an "overweight" rating and a $37.00 price objective for the company. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, 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. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, VICI Properties presently has an average rating of "Moderate Buy" and an average price target of $36.00.

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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