MBB Public Markets I LLC Sells 750,894 Shares of VICI Properties Inc. $VICI

Key Points

• MBB Public Markets I LLC significantly reduced its holdings in VICI Properties Inc., selling 750,894 shares and now owning only 10,350 shares, which reflects a 98.6% decrease in their position.
• VICI Properties announced an increase in its quarterly dividend to $0.45 per share, with a current yield of 5.4%.
• The company reported earnings of $0.60 per share for the last quarter, meeting analysts' expectations and showing a 4.6% increase in revenue year-over-year.

MBB Public Markets I LLC lessened its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 98.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,350 shares of the company's stock after selling 750,894 shares during the quarter. MBB Public Markets I LLC's holdings in VICI Properties were worth $338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VICI. Wayfinding Financial LLC bought a new position in VICI Properties during the 1st quarter valued at $29,000. AdvisorNet Financial Inc boosted its stake in VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after buying an additional 786 shares in the last quarter. CoreCap Advisors LLC boosted its stake in VICI Properties by 5,555.6% during the fourth 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 in the last quarter. Avalon Trust Co acquired a new position in VICI Properties during the first quarter worth about $35,000. Finally, Investment Management Corp VA ADV grew its holdings in VICI Properties by 171.3% during the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock worth $37,000 after acquiring an additional 709 shares during the period. Institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VICI shares. Stifel Nicolaus raised their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday. JMP Securities set a $35.00 price target on VICI Properties in a report on Tuesday, July 22nd. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.75.

VICI Properties Stock Up 0.1%

NYSE VICI traded up $0.02 on Wednesday, reaching $33.14. The stock had a trading volume of 6,106,025 shares, compared to its average volume of 7,984,549. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The business has a 50 day moving average price of $33.16 and a 200 day moving average price of $32.36. The company has a market capitalization of $35.34 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 3.31 and a beta of 0.70.

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. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. During the same quarter in the previous year, the business posted $0.57 EPS. The firm's quarterly revenue 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 forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.4%. This is an increase from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's payout ratio is 66.28%.

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.