Focus Partners Wealth Raises Stock Position in VICI Properties Inc. $VICI

Key Points

• Focus Partners Wealth increased its stake in VICI Properties by 145.9%, owning approximately 584,945 shares valued at around $19 million.
• VICI Properties announced a quarterly dividend increase to $0.45 per share, raising its annualized dividend yield to 5.4%.
• The company reported earnings of $0.60 per share for the last quarter, meeting analysts' expectations and showing a 4.6% year-over-year revenue growth.

Focus Partners Wealth increased its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 145.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 584,945 shares of the company's stock after acquiring an additional 347,109 shares during the period. Focus Partners Wealth owned approximately 0.06% of VICI Properties worth $19,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of VICI. Price T Rowe Associates Inc. MD raised its holdings in 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 worth $556,077,000 after purchasing an additional 11,458,239 shares during the period. Nuveen LLC purchased a new stake in shares of VICI Properties in the first quarter valued at approximately $320,179,000. Deutsche Bank AG raised its stake in shares of VICI Properties by 172.4% during the 1st quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock worth $241,229,000 after buying an additional 4,680,136 shares during the period. American Century Companies Inc. raised its stake in shares of VICI Properties by 81.6% during the 1st 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, Mackenzie Financial Corp lifted its position in shares of VICI Properties by 2,437.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock valued at $98,982,000 after buying an additional 3,255,078 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on VICI shares. Stifel Nicolaus boosted their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Morgan Stanley lifted their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday, July 22nd. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, Mizuho lifted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, VICI Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.83.

VICI Properties Price Performance

Shares of NYSE VICI traded up $0.01 during mid-day trading on Friday, reaching $33.16. The company's stock had a trading volume of 5,161,403 shares, compared to its average volume of 7,779,751. The stock has a 50-day moving average of $33.15 and a two-hundred day moving average of $32.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $35.36 billion, a P/E ratio of 14.29, a P/E/G ratio of 3.31 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.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same period in the previous year, the business posted $0.57 earnings per share. VICI Properties's quarterly revenue was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, equities research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be issued a $0.45 dividend. This is a boost from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties's payout ratio is 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.