Tectonic Advisors LLC Increases Holdings in VICI Properties Inc. $VICI

Key Points

• Tectonic Advisors LLC increased its holdings in VICI Properties Inc. by 12.1% during the second quarter, acquiring an additional 31,482 shares, bringing their total to 291,795 shares worth approximately $9.5 million.
• VICI Properties has received an average rating of "Moderate Buy" from analysts, with a consensus target price of $36.00 following recent ratings upgrades from firms like Wells Fargo and Morgan Stanley.
• The company recently announced a quarterly dividend increase from $0.43 to $0.45 per share, reflecting a 5.7% yield based on an annualized payout of $1.80.

Tectonic Advisors LLC grew its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 12.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 291,795 shares of the company's stock after acquiring an additional 31,482 shares during the period. Tectonic Advisors LLC's holdings in VICI Properties were worth $9,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in VICI. UMB Bank n.a. lifted its position in shares of VICI Properties by 29.6% in the first quarter. UMB Bank n.a. now owns 2,475 shares of the company's stock worth $81,000 after buying an additional 565 shares in the last quarter. Wedmont Private Capital purchased a new stake in shares of VICI Properties in the first quarter worth about $214,000. Farther Finance Advisors LLC lifted its position in shares of VICI Properties by 26.7% in the first quarter. Farther Finance Advisors LLC now owns 10,201 shares of the company's stock worth $331,000 after buying an additional 2,152 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of VICI Properties in the first quarter worth about $290,000. Finally, Yousif Capital Management LLC lifted its position in shares of VICI Properties by 2.5% in the first quarter. Yousif Capital Management LLC now owns 186,934 shares of the company's stock worth $6,098,000 after buying an additional 4,540 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

A number of equities research analysts recently commented on the company. Wells Fargo & Company boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. JMP Securities set a $35.00 price objective on VICI Properties in a research note on Tuesday, July 22nd. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Morgan Stanley boosted their price objective on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Stifel Nicolaus boosted their price objective on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.00.

VICI Properties Trading Down 1.8%

VICI opened at $31.43 on Thursday. The stock has a market cap of $33.52 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 3.19 and a beta of 0.72. The stock's 50 day moving average price is $32.86 and its 200-day moving average price is $32.37. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. The firm had revenue of $1 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, equities analysts forecast that VICI Properties Inc. will post 2.31 EPS 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 paid a dividend of $0.45 per share. 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 5.7%. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties's payout ratio is currently 68.97%.

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.

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