VICI Properties Inc. $VICI Shares Acquired by Truvestments Capital LLC

Key Points

• Truvestments Capital LLC increased its position in VICI Properties by 43.9%, holding $5.13 million worth of shares, making it the fund's 12th largest investment.
• VICI Properties reported a quarterly EPS of $0.60, matching analysts' expectations, with revenue of $1 billion, up 4.6% year-over-year.
• Several analysts have set new price targets for VICI Properties, with a consensus rating of "Moderate Buy" and an average target price of $35.40.

Truvestments Capital LLC boosted its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 43.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,251 shares of the company's stock after buying an additional 47,960 shares during the period. VICI Properties makes up approximately 1.1% of Truvestments Capital LLC's portfolio, making the stock its 12th biggest position. Truvestments Capital LLC's holdings in VICI Properties were worth $5,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in VICI Properties in the 1st quarter valued at about $29,000. AdvisorNet Financial Inc raised its holdings in VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after buying an additional 786 shares during the period. CoreCap Advisors LLC raised its holdings in VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after buying an additional 1,000 shares during the period. Avalon Trust Co acquired a new position in shares of VICI Properties in the first quarter valued at approximately $35,000. Finally, Quarry LP grew its holdings in shares of VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after purchasing an additional 897 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VICI. Wells Fargo & Company upped their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Scotiabank restated an "outperform" rating on shares of VICI Properties in a research note on Thursday. Morgan Stanley upped their target price on shares of 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, JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday, July 22nd. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, VICI Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.55.

VICI Properties Stock Up 1.1%

VICI Properties stock traded up $0.36 during mid-day trading on Monday, hitting $33.87. The company had a trading volume of 7,845,531 shares, compared to its average volume of 7,920,051. The stock has a market cap of $36.12 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 3.37 and a beta of 0.70. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average of $33.04 and a 200 day moving average of $32.22.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm's revenue was up 4.6% on a year-over-year basis. During the same period 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, sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.1%. The ex-dividend date was Wednesday, June 18th. VICI Properties's dividend payout ratio is currently 66.28%.

VICI Properties 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.