Wilsey Asset Management Inc. Has $31.22 Million Stock Position in VICI Properties Inc. $VICI

Key Points

• Wilsey Asset Management Inc. has increased its stake in VICI Properties Inc. by 1.9% in the second quarter, owning 957,643 shares valued at approximately $31.22 million.
• VICI Properties reported quarterly earnings of $0.60 EPS, meeting analyst expectations, with a revenue of $1 billion, up 4.6% from the previous year.
• The company has raised its quarterly dividend from $0.43 to $0.45, indicating a robust 5.6% dividend yield for shareholders.

Wilsey Asset Management Inc. increased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 957,643 shares of the company's stock after acquiring an additional 17,632 shares during the quarter. VICI Properties comprises about 5.8% of Wilsey Asset Management Inc.'s investment portfolio, making the stock its 9th biggest holding. Wilsey Asset Management Inc. owned about 0.09% of VICI Properties worth $31,219,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Fifth Third Bancorp increased its stake in shares of VICI Properties by 43.7% in the 2nd quarter. Fifth Third Bancorp now owns 78,112 shares of the company's stock worth $2,546,000 after acquiring an additional 23,749 shares in the last quarter. Hoey Investments Inc. bought a new position in shares of VICI Properties in the 2nd quarter worth about $33,000. Armstrong Advisory Group Inc. increased its stake in shares of VICI Properties by 29.4% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 8,092 shares of the company's stock worth $264,000 after acquiring an additional 1,837 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of VICI Properties by 20.6% in the 2nd quarter. GAMMA Investing LLC now owns 15,412 shares of the company's stock worth $502,000 after acquiring an additional 2,631 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its stake in shares of VICI Properties by 6.5% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 20,227 shares of the company's stock worth $659,000 after acquiring an additional 1,226 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $31.87 on Wednesday. The firm's 50-day moving average price is $33.01 and its 200-day moving average price is $32.36. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The company has a market cap of $33.99 billion, a PE ratio of 12.21, a PEG ratio of 3.14 and a beta of 0.70. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.03.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be paid a $0.45 dividend. This is a boost from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 18th. This represents a $1.80 annualized dividend and a dividend yield of 5.6%. VICI Properties's dividend payout ratio (DPR) is currently 68.97%.

Analyst Ratings Changes

VICI has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. increased their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research report on Tuesday, July 22nd. Morgan Stanley increased 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. Finally, Mizuho increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Eleven 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, VICI Properties has a consensus rating of "Moderate Buy" and an average target price of $35.92.

About VICI Properties

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.

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