VICI Properties Inc. $VICI Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 5.3% during the second quarter, HoldingsChannel.com reports. The firm owned 368,533 shares of the company’s stock after acquiring an additional 18,550 shares during the period. Corient Private Wealth LLC’s holdings in VICI Properties were worth $12,021,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. State of Wyoming purchased a new position in shares of VICI Properties in the 2nd quarter worth $26,000. Parvin Asset Management LLC purchased a new position in shares of VICI Properties in the 2nd quarter worth about $27,000. Hantz Financial Services Inc. lifted its stake in shares of VICI Properties by 489.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after purchasing an additional 724 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of VICI Properties in the 2nd quarter valued at about $28,000. Finally, Hoey Investments Inc. purchased a new stake in shares of VICI Properties during the 2nd quarter worth about $33,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI stock opened at $28.11 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The company’s fifty day moving average price is $29.62 and its two-hundred day moving average price is $31.66. The firm has a market capitalization 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. VICI Properties Inc. has a 12 month low of $27.63 and a 12 month high of $34.03.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the company earned $0.57 earnings per share. The company’s revenue for the quarter 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. On average, research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

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

Analysts Set New Price Targets

VICI has been the topic of several research reports. Mizuho cut 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. Stifel Nicolaus reduced their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. JPMorgan Chase & Co. raised their price objective on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Finally, Cantor Fitzgerald reduced their price objective on VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.36.

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.