TD Private Client Wealth LLC Has $4.05 Million Stock Position in VICI Properties Inc. $VICI

Key Points

• TD Private Client Wealth LLC increased its stake in VICI Properties by 9.2%, holding 124,250 shares valued at approximately $4.05 million by the end of the recent quarter.
• Brokerages have raised their price targets for VICI Properties, with the consensus target now at $35.92, reflecting an optimistic outlook as eleven analysts rate the stock as a Buy.
• VICI Properties announced a dividend increase to $0.45 per share, resulting in an annualized dividend yield of 5.6%, which is an increase from the previous quarterly dividend of $0.43.

TD Private Client Wealth LLC boosted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 9.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,250 shares of the company's stock after buying an additional 10,459 shares during the period. TD Private Client Wealth LLC's holdings in VICI Properties were worth $4,051,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of 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 in the last quarter. Nuveen LLC acquired a new stake in VICI Properties during the 1st quarter valued at $320,179,000. Deutsche Bank AG lifted its holdings in shares of VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock valued at $241,229,000 after purchasing an additional 4,680,136 shares in the last quarter. American Century Companies Inc. boosted its position in shares of VICI Properties by 81.6% in the first 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, Bahl & Gaynor Inc. purchased a new position in shares of VICI Properties during the first quarter valued at $99,701,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on VICI. Mizuho increased their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.92.

VICI Properties Stock Down 0.1%

VICI opened at $31.90 on Thursday. The business has a 50 day moving average of $32.99 and a 200-day moving average of $32.36. The stock has a market capitalization of $34.02 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 3.19 and a beta of 0.70. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.03.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting analysts' consensus estimates of $0.60. The firm 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 business's revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be paid a $0.45 dividend. The ex-dividend date is Thursday, September 18th. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.6%. 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.

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