Seven Mile Advisory Makes New $291,000 Investment in VICI Properties Inc. $VICI

Key Points

• Seven Mile Advisory has purchased 8,909 shares of VICI Properties Inc., valued at approximately $291,000, marking a continued interest from institutional investors in the company.
• VICI Properties reported $1 billion in revenue for the last quarter, exceeding analyst expectations, while also maintaining a high net margin of 70.20%.
• The company has recently announced a quarterly dividend of $0.4325 per share, reflecting a strong dividend yield of 5.3% and a payout ratio of 66.28%.

Seven Mile Advisory bought a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,909 shares of the company's stock, valued at approximately $291,000.

Several other hedge funds have also modified their holdings of VICI. Wayfinding Financial LLC purchased a new stake in shares of VICI Properties during the first quarter worth $29,000. Transce3nd LLC acquired a new position in VICI Properties in the 4th quarter worth about $28,000. AdvisorNet Financial Inc increased its position in VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after purchasing an additional 786 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of VICI Properties by 5,555.6% during 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 in the last quarter. Finally, Avalon Trust Co acquired a new stake in shares of VICI Properties during the 1st quarter valued at about $35,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Up 1.7%

Shares of NYSE VICI traded up $0.5650 during mid-day trading on Wednesday, reaching $33.0350. 11,515,080 shares of the company traded hands, compared to its average volume of 6,826,575. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market cap of $35.23 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 3.22 and a beta of 0.68. The company's fifty day moving average is $32.86 and its two-hundred day moving average is $32.02. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.29.

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

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.2%. VICI Properties's dividend payout ratio is currently 66.28%.

Analyst Upgrades and Downgrades

VICI has been the topic of several recent research reports. Truist Financial raised their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus raised 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. Robert W. Baird raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Morgan Stanley raised their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, VICI Properties has an average rating of "Moderate Buy" and a consensus price target of $35.40.

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.