Thrivent Financial for Lutherans Lowers Stock Holdings in VICI Properties Inc. $VICI

Thrivent Financial for Lutherans lowered its position in shares of VICI Properties Inc. (NYSE:VICI) by 26.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,893 shares of the company’s stock after selling 97,148 shares during the period. Thrivent Financial for Lutherans’ holdings in VICI Properties were worth $8,799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VICI. Chesley Taft & Associates LLC grew its position in shares of VICI Properties by 3.6% during the 2nd quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock valued at $304,000 after purchasing an additional 324 shares in the last quarter. Wright Investors Service Inc. grew its position in VICI Properties by 0.4% during the second quarter. Wright Investors Service Inc. now owns 74,517 shares of the company’s stock worth $2,429,000 after buying an additional 330 shares in the last quarter. Heritage Wealth Advisors increased its stake in VICI Properties by 18.9% in the 2nd quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock worth $72,000 after acquiring an additional 350 shares during the last quarter. Bell Investment Advisors Inc raised its holdings in shares of VICI Properties by 32.7% in the 2nd 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 in the last quarter. Finally, Leo Wealth LLC boosted its position in shares of VICI Properties by 5.7% during the 2nd quarter. Leo Wealth LLC now owns 7,271 shares of the company’s stock valued at $237,000 after acquiring an additional 391 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VICI has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Mizuho decreased their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Stifel Nicolaus reduced their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Scotiabank raised their price target on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Eleven research analysts have rated the stock with a Buy rating and five have given 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 price target of $34.36.

VICI Properties Price Performance

VICI stock opened at $28.11 on Friday. The firm has a market cap of $30.04 billion, a P/E ratio of 10.73, a P/E/G ratio of 2.83 and a beta of 0.70. The firm’s fifty day moving average is $29.62 and its 200 day moving average is $31.66. VICI Properties Inc. has a 52 week low of $27.63 and a 52 week high of $34.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (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 business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The business also recently declared 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. This represents a $1.80 annualized dividend and a yield of 6.4%. The ex-dividend date is Wednesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

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.