Cetera Investment Advisers Has $8.02 Million Holdings in VICI Properties Inc. $VICI

Cetera Investment Advisers raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 11.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,008 shares of the company’s stock after acquiring an additional 25,394 shares during the quarter. Cetera Investment Advisers’ holdings in VICI Properties were worth $8,020,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in VICI Properties by 7.1% in the 2nd quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after buying an additional 2,281,688 shares during the period. Allianz Asset Management GmbH increased its stake in shares of VICI Properties by 7.5% in the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock worth $816,617,000 after acquiring an additional 1,755,385 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of VICI Properties by 205.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after acquiring an additional 11,458,239 shares in the last quarter. Northern Trust Corp raised its holdings in shares of VICI Properties by 13.2% during the first quarter. Northern Trust Corp now owns 13,743,229 shares of the company’s stock worth $448,304,000 after acquiring an additional 1,606,559 shares in the last quarter. Finally, Invesco Ltd. boosted its position in VICI Properties by 0.6% during the first quarter. Invesco Ltd. now owns 13,491,589 shares of the company’s stock valued at $440,096,000 after purchasing an additional 77,544 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of recent research reports. Scotiabank raised 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 cut their price objective on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Stifel Nicolaus decreased their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Wells Fargo & Company restated an “equal weight” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Tuesday. Finally, Barclays raised their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.38.

VICI Properties Price Performance

NYSE VICI opened at $28.81 on Friday. 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 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The stock has a market capitalization of $30.79 billion, a PE ratio of 11.00, a P/E/G ratio of 2.87 and a beta of 0.72. The stock has a 50-day simple moving average of $31.09 and a 200 day simple moving average of $32.09.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a $0.45 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 6.2%. VICI Properties’s payout ratio is currently 68.70%.

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.