VICI Properties Inc. $VICI Shares Acquired by Westpac Banking Corp

Westpac Banking Corp increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 82.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 301,787 shares of the company’s stock after acquiring an additional 136,700 shares during the quarter. VICI Properties makes up about 0.7% of Westpac Banking Corp’s portfolio, making the stock its 26th biggest holding. Westpac Banking Corp’s holdings in VICI Properties were worth $9,838,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of VICI. Hantz Financial Services Inc. raised its stake in VICI Properties by 489.2% during the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after purchasing an additional 724 shares during the period. Hoey Investments Inc. purchased a new stake in shares of VICI Properties in the 2nd quarter valued at approximately $33,000. Avalon Trust Co acquired a new stake in shares of VICI Properties during the 1st quarter worth approximately $35,000. Investment Management Corp VA ADV raised its position in shares of VICI Properties by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after buying an additional 709 shares during the period. Finally, Bell Investment Advisors Inc lifted its holdings in VICI Properties by 32.7% in the second quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after acquiring an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on VICI. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research note on Thursday. Mizuho raised their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Cantor Fitzgerald reduced their price objective on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Evercore ISI lowered their target price on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Finally, Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average target price of $35.69.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $30.37 on Friday. The business has a 50-day moving average of $31.47 and a 200 day moving average of $32.18. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.03. The stock has a market capitalization of $32.46 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The firm 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 business posted $0.57 earnings per share. The business’s quarterly revenue 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, sell-side analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were given a dividend of $0.45 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s dividend payout ratio 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.