Vise Technologies Inc. Takes Position in VICI Properties Inc. $VICI

Vise Technologies Inc. bought a new stake in VICI Properties Inc. (NYSE:VICI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 45,931 shares of the company’s stock, valued at approximately $1,497,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of VICI Properties by 444.1% in the second quarter. Allworth Financial LP now owns 26,795 shares of the company’s stock valued at $874,000 after purchasing an additional 21,870 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in shares of VICI Properties by 6.1% during the second quarter. Illinois Municipal Retirement Fund now owns 528,557 shares of the company’s stock worth $17,231,000 after purchasing an additional 30,366 shares during the period. ProShare Advisors LLC boosted its position in VICI Properties by 8.1% in the second quarter. ProShare Advisors LLC now owns 217,992 shares of the company’s stock valued at $7,107,000 after buying an additional 16,270 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in VICI Properties by 7.9% in the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 24,111 shares of the company’s stock worth $786,000 after buying an additional 1,763 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in VICI Properties by 4.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,775,970 shares of the company’s stock worth $90,497,000 after buying an additional 126,664 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Up 0.7%

VICI stock opened at $30.64 on Wednesday. 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 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The firm has a market cap of $32.75 billion, a P/E ratio of 11.69, a PEG ratio of 3.03 and a beta of 0.72. The company’s 50-day simple moving average is $31.66 and its 200-day simple moving average is $32.22.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.VICI Properties’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 18th. 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%. VICI Properties’s payout ratio is currently 68.70%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VICI. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research note on Tuesday, July 22nd. Weiss Ratings cut shares of VICI Properties from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday. Barclays upped their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.69.

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.