Swiss National Bank Acquires 225,600 Shares of VICI Properties Inc. $VICI

Swiss National Bank boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 7.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,198,804 shares of the company’s stock after purchasing an additional 225,600 shares during the quarter. Swiss National Bank’s holdings in VICI Properties were worth $104,281,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chesley Taft & Associates LLC grew its position in VICI Properties by 3.6% in the 2nd quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock worth $304,000 after purchasing an additional 324 shares during the last quarter. Wright Investors Service Inc. increased its position in shares of VICI Properties by 0.4% during the second quarter. Wright Investors Service Inc. now owns 74,517 shares of the company’s stock valued at $2,429,000 after purchasing an additional 330 shares during the period. Provident Investment Management Inc. raised its stake in shares of VICI Properties by 1.5% in 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. Heritage Wealth Advisors lifted its position in VICI Properties by 18.9% in the second quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock worth $72,000 after purchasing an additional 350 shares during the period. Finally, Bell Investment Advisors Inc boosted its stake in VICI Properties by 32.7% during the second quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock worth $46,000 after buying an additional 351 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Cantor Fitzgerald cut their price target on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Mizuho lifted their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. JPMorgan Chase & Co. boosted their target price on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Finally, Scotiabank boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.38.

VICI Properties Price Performance

VICI Properties stock opened at $28.81 on Friday. The stock has a market cap of $30.79 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 2.87 and a beta of 0.72. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03. The business’s 50-day simple moving average is $31.09 and its 200 day simple moving average is $32.10.

VICI Properties (NYSE:VICI) last issued its 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. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders 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 of this dividend was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.2%. VICI Properties’s dividend payout ratio (DPR) is currently 68.70%.

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.