First Trust Advisors LP Boosts Stake in VICI Properties Inc. $VICI

First Trust Advisors LP boosted its position in VICI Properties Inc. (NYSE:VICI) by 31.6% in the 2nd quarter, Holdings Channel reports. The firm owned 1,504,367 shares of the company’s stock after buying an additional 361,192 shares during the quarter. First Trust Advisors LP’s holdings in VICI Properties were worth $49,042,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VICI. Vanguard Group Inc. raised its holdings in shares of VICI Properties by 1.2% in the second quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock worth $5,086,097,000 after buying an additional 1,849,545 shares during the period. Geode Capital Management LLC grew its position in VICI Properties by 7.1% in the 2nd quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after acquiring an additional 2,281,688 shares during the last quarter. Allianz Asset Management GmbH increased its stake 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 worth $816,617,000 after purchasing an additional 1,755,385 shares during the period. JPMorgan Chase & Co. increased its stake in VICI Properties by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock worth $711,043,000 after purchasing an additional 2,326,747 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of VICI Properties by 205.0% during 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 purchasing an additional 11,458,239 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on VICI shares. Weiss Ratings restated a “hold (c+)” rating on shares of VICI Properties in a report on Monday, December 1st. Wells Fargo & Company reissued an “equal weight” rating and issued a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Mizuho raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Barclays decreased their price target on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. boosted their price target on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.71.

VICI Properties Stock Performance

Shares of VICI stock opened at $27.93 on Tuesday. The firm has a market cap of $29.85 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 2.76 and a beta of 0.70. VICI Properties Inc. has a 52-week low of $27.67 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 company’s 50 day moving average is $30.26 and its 200 day moving average is $31.86.

VICI Properties (NYSE:VICI) last posted its 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 analyst estimates of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.VICI Properties’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 17th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 6.4%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

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.