Kestra Investment Management LLC Grows Holdings in VICI Properties Inc. $VICI

Kestra Investment Management LLC boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 55.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,776 shares of the company’s stock after acquiring an additional 634 shares during the period. Kestra Investment Management LLC’s holdings in VICI Properties were worth $58,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VICI. Provident Investment Management Inc. increased its stake in shares of VICI Properties by 1.5% during the first quarter. Provident Investment Management Inc. now owns 23,785 shares of the company’s stock valued at $776,000 after purchasing an additional 350 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in VICI Properties by 8.5% during the 1st quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company’s stock valued at $150,000 after buying an additional 359 shares in the last quarter. Moran Wealth Management LLC raised its stake in VICI Properties by 0.9% during the first quarter. Moran Wealth Management LLC now owns 40,578 shares of the company’s stock valued at $1,324,000 after buying an additional 360 shares during the last quarter. DAVENPORT & Co LLC raised its stake in VICI Properties by 3.9% during the first quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company’s stock valued at $347,000 after buying an additional 403 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in VICI Properties by 29.6% in the first quarter. UMB Bank n.a. now owns 2,475 shares of the company’s stock worth $81,000 after acquiring an additional 565 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup restated a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Scotiabank raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday, July 22nd. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Morgan Stanley boosted their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.75.

VICI Properties Stock Up 0.1%

VICI opened at $33.14 on Thursday. The stock has a market capitalization of $35.34 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 3.31 and a beta of 0.70. The firm has a 50 day moving average price of $33.16 and a 200-day moving average price of $32.36. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.29. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.4%. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is currently 66.28%.

VICI Properties 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.