Vanguard Personalized Indexing Management LLC Raises Stock Position in VICI Properties Inc. $VICI

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in VICI Properties Inc. by 12.0% during the 2nd quarter, holding 133,707 shares valued at approximately $4,359,000.
• VICI Properties reported earnings of $0.60 per share for the last quarter, in line with expectations, and its revenue increased by 4.6% year-over-year to $1 billion.
• The company recently announced a quarterly dividend increase from $0.43 to $0.45 per share, representing an annualized dividend yield of 5.8%.

Vanguard Personalized Indexing Management LLC boosted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 12.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 133,707 shares of the company's stock after purchasing an additional 14,283 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in VICI Properties were worth $4,359,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Blackhawk Capital Partners LLC. increased its stake in VICI Properties by 102.3% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after purchasing an additional 9,967 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new position in VICI Properties during the 1st quarter valued at approximately $2,170,000. Dynamic Advisor Solutions LLC acquired a new position in VICI Properties during the 1st quarter valued at approximately $324,000. State of Alaska Department of Revenue boosted its holdings in shares of VICI Properties by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 640,550 shares of the company's stock valued at $20,893,000 after acquiring an additional 17,361 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its stake in shares of VICI Properties by 3.9% in the first quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company's stock worth $347,000 after acquiring an additional 403 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $31.13 on Wednesday. The company's fifty day moving average price is $32.67 and its 200 day moving average price is $32.35. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.03. The company has a market capitalization of $33.19 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. 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 posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $1 billion for 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 company's revenue was up 4.6% compared to the same quarter last year. During the same period last 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, research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The business 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 is a positive change from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 5.8%. VICI Properties's payout ratio is 68.97%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VICI. JPMorgan Chase & Co. increased their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Mizuho increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. Scotiabank increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Wells Fargo & Company increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Finally, JMP Securities set a $35.00 price objective on shares of VICI Properties in a research note on Tuesday, July 22nd. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.00.

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.

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