Wealth Enhancement Advisory Services LLC Has $43.02 Million Stock Position in VICI Properties Inc. $VICI

Key Points

• Wealth Enhancement Advisory Services LLC significantly increased its stake in VICI Properties by 387.4%, owning over 1.28 million shares worth approximately $43 million.
• VICI Properties recently declared a quarterly dividend of $0.45 per share, marking an increase from the previous dividend of $0.43, providing an annualized yield of 5.7%.
• Following its latest earnings report, VICI Properties maintained a profit margin of 70.20% and set a FY 2025 guidance of 2.350-2.370 EPS, with analysts projecting a 2.31 EPS for the current year.

Wealth Enhancement Advisory Services LLC grew its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 387.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,286,810 shares of the company's stock after purchasing an additional 1,022,773 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.12% of VICI Properties worth $43,018,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new position in VICI Properties in the 1st quarter valued at $29,000. AdvisorNet Financial Inc boosted its position 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. Avalon Trust Co acquired a new position in shares of VICI Properties during the first quarter worth about $35,000. Investment Management Corp VA ADV boosted its holdings in VICI Properties by 171.3% in the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock valued at $37,000 after purchasing an additional 709 shares in the last quarter. Finally, Kestra Investment Management LLC grew its stake in VICI Properties by 55.5% during the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company's stock worth $58,000 after buying an additional 634 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI Properties stock traded down $0.34 on Monday, reaching $31.50. The company's stock had a trading volume of 5,928,515 shares, compared to its average volume of 7,031,894. The business's fifty day moving average price is $33.08 and its 200 day moving average price is $32.37. The company has a market cap of $33.59 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 3.18 and a beta of 0.70. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month 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 announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting analysts' consensus estimates 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 the consensus estimate of $991.59 million. During the same period last year, the company posted $0.57 EPS. VICI Properties's revenue for the quarter was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 5.7%. This is a boost from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's payout ratio is presently 68.97%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VICI. Mizuho lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an "outperform" rating in a report on Thursday, September 11th. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Scotiabank increased their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Evercore ISI increased their price target on shares of VICI Properties from $37.00 to $38.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. Finally, 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 report on Wednesday, August 27th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

VICI Properties Company 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.