VICI Properties Inc. $VICI Stock: Chicago Partners Investment Group LLC Increases Stake

Key Points

• Chicago Partners Investment Group increased its VICI stake by 1,196.6% in the third quarter, adding 219,976 shares to hold 238,360 shares valued at about $5.66 million.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $29.46; recent target cuts include Citigroup’s reduction from $36 to $30.
• VICI reported quarterly revenue of $1.07 billion, slightly above estimates, but earnings per share of $0.31 missed the $0.72 consensus. Its quarterly dividend rose to $0.46, equivalent to a 7.3% annualized yield at the article’s cited share price.

Chicago Partners Investment Group LLC lifted its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 1,196.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 238,360 shares of the company's stock after purchasing an additional 219,976 shares during the quarter. Chicago Partners Investment Group LLC's holdings in VICI Properties were worth $5,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of VICI. Dynamic Wealth Strategies LLC acquired a new position in shares of VICI Properties in the first quarter valued at $25,000. Sachetta LLC lifted its position in VICI Properties by 213.1% in the first quarter. Sachetta LLC now owns 1,171 shares of the company's stock worth $32,000 after purchasing an additional 797 shares during the period. Silvant Capital Management LLC acquired a new stake in VICI Properties during the second quarter worth $33,000. Atlatl Advisers LLC acquired a new stake in VICI Properties during the second quarter worth $38,000. Finally, WealthCollab LLC boosted its stake in VICI Properties by 57.3% during the first quarter. WealthCollab LLC now owns 1,933 shares of the company's stock worth $53,000 after buying an additional 704 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VICI has been the subject of a number of recent research reports. Evercore set a $30.00 price objective on shares of VICI Properties in a research note on Monday, September 21st. Mizuho decreased their target price on shares of VICI Properties from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 2nd. Citigroup lowered their target price on shares of VICI Properties from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday. Raymond James Financial set a $29.00 price target on shares of VICI Properties in a research report on Thursday, August 13th. Finally, Stifel Nicolaus dropped their price target on shares of VICI Properties from $34.00 to $30.75 and set a "buy" rating for the company in a research report on Thursday, October 29th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, VICI Properties presently has a consensus rating of "Moderate Buy" and an average price target of $29.46.

VICI Properties Price Performance

Shares of VICI stock opened at $25.20 on Friday. The stock's fifty day simple moving average is $24.04 and its 200 day simple moving average is $26.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market cap of $27.74 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 2.02 and a beta of 0.64. VICI Properties Inc. has a one year low of $22.42 and a one year high of $30.83.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.41). VICI Properties had a net margin of 56.46% and a return on equity of 8.10%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned $0.60 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. On average, analysts expect that VICI Properties Inc. will post 2.47 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were paid a $0.46 dividend. The ex-dividend date was Thursday, September 17th. This represents a $1.84 annualized dividend and a dividend yield of 7.3%. This is a boost from VICI Properties's previous quarterly dividend of $0.45. VICI Properties's dividend payout ratio is presently 84.40%.

Key VICI Properties News

Here are the key news stories impacting VICI Properties this week:

• Positive Sentiment: A recent investment article points to VICI’s long-term leases, full occupancy and an approximately 7.3% forward dividend yield, describing the shares as potentially undervalued. Article: If I Could Put $10,000 Into Just 1 Dividend Grower in November, It'd Be This One
• Positive Sentiment: An article frames VICI’s reported $2 billion buyback as a potential buying opportunity, which could support investor confidence and share demand. Article: VICI’s $2 billion buyback: A massive buying opportunity?
• Neutral Sentiment: Cantor Fitzgerald reiterated its Buy rating, though it recently lowered its price target from $32 to $29. The retained favorable rating is balanced by a more cautious valuation outlook. Article: Cantor Fitzgerald Sticks to Its Buy Rating for VICI Properties
• Negative Sentiment: Citigroup cut its price target from $36 to $30, although it kept a Buy rating. The lower target may weigh on sentiment, even as it still implies potential upside from the cited share price. Citigroup rating information
• Negative Sentiment: Coverage highlighting Treasury yields near 4.9% underscores stronger competition for income-focused investors, a potential headwind for dividend-paying REITs such as VICI. Article: The 10-Year Treasury Yields 4.91%. These 4 Dividend Stocks Pay More

About VICI Properties

VICI Properties Inc NYSE: VICI is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company's portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.

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