VICI Properties Inc. $VICI Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC cut its stake in VICI Properties Inc. (NYSE:VICI) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,054 shares of the company’s stock after selling 1,310 shares during the period. SteelPeak Wealth LLC’s holdings in VICI Properties were worth $817,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VICI. Price T Rowe Associates Inc. MD boosted its position in shares of VICI Properties by 205.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after acquiring an additional 11,458,239 shares during the last quarter. Nuveen LLC acquired a new position in VICI Properties during the first quarter valued at approximately $320,179,000. Deutsche Bank AG lifted its position in VICI Properties by 172.4% during the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock valued at $241,229,000 after buying an additional 4,680,136 shares in the last quarter. American Century Companies Inc. lifted its position in VICI Properties by 81.6% during the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company’s stock valued at $269,197,000 after buying an additional 3,707,396 shares in the last quarter. Finally, Bahl & Gaynor Inc. acquired a new position in VICI Properties during the first quarter valued at approximately $99,701,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Trading Down 1.8%

VICI opened at $31.43 on Thursday. The firm has a market capitalization of $33.52 billion, a P/E ratio of 12.04, a P/E/G ratio of 3.19 and a beta of 0.72. The firm’s 50 day moving average is $32.86 and its 200-day moving average is $32.37. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.03. 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 posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.7%. 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 payout ratio is presently 68.97%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Morgan Stanley lifted their price target 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. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Scotiabank lifted 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. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of VICI Properties in a research report on Wednesday. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $36.00.

VICI Properties Company 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.