Simon Quick Advisors LLC Acquires 72,505 Shares of VICI Properties Inc. $VICI

Simon Quick Advisors LLC lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 631.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 83,988 shares of the company’s stock after acquiring an additional 72,505 shares during the quarter. Simon Quick Advisors LLC’s holdings in VICI Properties were worth $2,738,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its holdings in VICI Properties by 7.5% in the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock valued at $816,617,000 after acquiring an additional 1,755,385 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of VICI Properties by 205.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after buying an additional 11,458,239 shares during the period. Northern Trust Corp grew its position in shares of VICI Properties by 13.2% in the 1st quarter. Northern Trust Corp now owns 13,743,229 shares of the company’s stock worth $448,304,000 after buying an additional 1,606,559 shares during the period. Invesco Ltd. grew its position in shares of VICI Properties by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,491,589 shares of the company’s stock worth $440,096,000 after buying an additional 77,544 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in VICI Properties by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company’s stock valued at $402,700,000 after purchasing an additional 135,836 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on VICI. 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. Stifel Nicolaus raised their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Cantor Fitzgerald initiated coverage on shares of VICI Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $37.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of VICI Properties in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.08.

VICI Properties Stock Down 0.5%

Shares of VICI Properties stock opened at $29.55 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.03. The firm’s 50-day moving average is $32.20 and its two-hundred day moving average is $32.34. The stock has a market cap of $31.51 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 2.96 and a beta of 0.72.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were paid a $0.45 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.1%. VICI Properties’s dividend payout ratio (DPR) is 68.97%.

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.