Vestmark Advisory Solutions Inc. Acquires 65,015 Shares of VICI Properties Inc. $VICI

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in VICI Properties Inc. by 442.2%, acquiring 65,015 additional shares during the first quarter, bringing its total holdings to 79,716 shares valued at approximately $2.6 million.
• VICI Properties' stock currently has a consensus rating of "Moderate Buy" with a price target of $35.40, after various analysts raised their price objectives for the stock recently.
• The company declared a quarterly dividend of $0.4325 per share, reflecting a 5.3% yield with a payout ratio of 66.28% compared to its earnings.

Vestmark Advisory Solutions Inc. lifted its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 442.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,716 shares of the company's stock after acquiring an additional 65,015 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in VICI Properties were worth $2,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of VICI. Blackhawk Capital Partners LLC. boosted its holdings in VICI Properties by 102.3% during the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after acquiring an additional 9,967 shares during the period. DigitalBridge Group Inc. bought a new stake in shares of VICI Properties in the fourth quarter valued at about $4,282,000. Prevail Innovative Wealth Advisors LLC acquired a new position in VICI Properties in the first quarter worth about $2,170,000. Gordian Capital Singapore Pte Ltd acquired a new position in VICI Properties in the fourth quarter worth about $2,773,000. Finally, Columbus Macro LLC raised its position in VICI Properties by 7.8% in the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock worth $4,044,000 after purchasing an additional 8,967 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Up 0.1%

Shares of NYSE VICI traded up $0.0320 during mid-day trading on Thursday, reaching $33.0020. 3,176,747 shares of the company's stock traded hands, compared to its average volume of 6,801,557. The stock has a market cap of $35.19 billion, a P/E ratio of 12.66, a PEG ratio of 3.25 and a beta of 0.68. The business has a 50-day simple moving average of $32.87 and a 200 day simple moving average of $32.02. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. During the same period in the previous year, the company earned $0.57 earnings per share. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. 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 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Wednesday, June 18th. VICI Properties's payout ratio is presently 66.28%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Morgan Stanley boosted their price objective 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. Robert W. Baird increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Truist Financial increased their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $35.40.

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.