Capital Investment Advisors LLC Raises Stock Holdings in VICI Properties Inc. $VICI

Capital Investment Advisors LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 397,090 shares of the company’s stock after purchasing an additional 18,696 shares during the period. Capital Investment Advisors LLC’s holdings in VICI Properties were worth $12,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in VICI. State of Wyoming purchased a new position in shares of VICI Properties in the 2nd quarter worth approximately $26,000. Parvin Asset Management LLC acquired a new stake in VICI Properties in the second quarter valued at approximately $27,000. Hantz Financial Services Inc. grew its holdings in VICI Properties by 489.2% in the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after purchasing an additional 724 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of VICI Properties during the second quarter worth $28,000. Finally, Hoey Investments Inc. acquired a new position in shares of VICI Properties during the second quarter worth $33,000. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VICI. Mizuho dropped their target price on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th. Evercore ISI restated an “in-line” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Barclays cut their price objective on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Wells Fargo & Company reiterated an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.31.

VICI Properties Price Performance

Shares of NYSE VICI opened at $27.89 on Friday. VICI Properties Inc. has a 52 week low of $27.48 and a 52 week high of $34.03. The business’s 50 day moving average price is $28.76 and its 200 day moving average price is $31.24. 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 $29.80 billion, a P/E ratio of 10.64, a P/E/G ratio of 2.74 and a beta of 0.70.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Wednesday, December 17th. VICI Properties’s dividend payout ratio is presently 68.70%.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.