Nicola Wealth Management LTD. Raises Stake in VICI Properties Inc. $VICI

Nicola Wealth Management LTD. lifted its position in shares of VICI Properties Inc. (NYSE:VICI) by 6.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 53,185 shares of the company’s stock after purchasing an additional 3,100 shares during the quarter. Nicola Wealth Management LTD.’s holdings in VICI Properties were worth $1,735,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC purchased a new stake in shares of VICI Properties during the 1st quarter worth about $29,000. CoreCap Advisors LLC raised its position 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 purchasing an additional 1,000 shares during the period. AdvisorNet Financial Inc raised its position in VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company’s stock valued at $33,000 after purchasing an additional 786 shares during the period. Avalon Trust Co purchased a new position in VICI Properties in the first quarter valued at about $35,000. Finally, Investment Management Corp VA ADV raised its position in VICI Properties by 171.3% in the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after purchasing an additional 709 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on VICI shares. Wells Fargo & Company raised their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. JMP Securities set a $35.00 price objective on VICI Properties in a research report on Tuesday, July 22nd. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Mizuho raised their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.83.

VICI Properties Stock Performance

Shares of VICI opened at $33.15 on Friday. The business’s 50 day moving average is $33.16 and its two-hundred day moving average is $32.36. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The firm has a market cap of $35.35 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 3.31 and a beta of 0.70. 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 announced its 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. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The company had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same period in the prior year, the company posted $0.57 EPS. VICI Properties’s quarterly revenue was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Thursday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s payout ratio is presently 66.28%.

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.