Rafferty Asset Management LLC Sells 26,231 Shares of VICI Properties Inc. $VICI

Key Points

• Rafferty Asset Management LLC reduced its holdings in VICI Properties Inc. by 18.1%, now owning 118,380 shares valued at approximately $3.86 million.
• VICI Properties reported a quarterly EPS of $0.60, meeting consensus estimates, with revenues surpassing expectations at $1 billion for the quarter.
• The firm declared a quarterly dividend of $0.4325 per share, yielding 5.1%, and the stock has a current consensus rating of "Moderate Buy" with a price target of $35.55.

Rafferty Asset Management LLC lessened its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 18.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,380 shares of the company's stock after selling 26,231 shares during the period. Rafferty Asset Management LLC's holdings in VICI Properties were worth $3,862,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in shares of VICI Properties in the 1st quarter valued at $29,000. CoreCap Advisors LLC grew its stake in VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after acquiring an additional 1,000 shares during the period. Quarry LP increased its holdings in shares of VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after acquiring an additional 897 shares in the last quarter. AdvisorNet Financial Inc raised its position in shares of VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after purchasing an additional 786 shares during the period. Finally, Avalon Trust Co bought a new position in shares of VICI Properties during the 1st quarter valued at about $35,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JMP Securities set a $35.00 target price on shares of VICI Properties in a 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 company an "equal weight" rating in a research report on Tuesday, July 8th. Scotiabank upped their target price 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. Stifel Nicolaus lifted their price target on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Ten 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.com, the company has a consensus rating of "Moderate Buy" and an average price target of $35.55.

VICI Properties Stock Up 0.5%

VICI stock traded up $0.16 during midday trading on Thursday, hitting $33.56. The company's stock had a trading volume of 1,315,169 shares, compared to its average volume of 6,893,425. The company's fifty day moving average price is $33.10 and its 200 day moving average price is $32.26. 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 Inc. has a twelve month low of $27.98 and a twelve month high of $34.29. The stock has a market capitalization of $35.79 billion, a P/E ratio of 12.86, a PEG ratio of 3.37 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.VICI Properties's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be given a dividend of $0.45 per share. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 5.4%. 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.