Concurrent Investment Advisors LLC Has $728,000 Stock Position in VICI Properties Inc. $VICI

Concurrent Investment Advisors LLC trimmed its position in shares of VICI Properties Inc. (NYSE:VICI) by 69.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,312 shares of the company’s stock after selling 50,998 shares during the period. Concurrent Investment Advisors LLC’s holdings in VICI Properties were worth $728,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC grew its position in VICI Properties by 204.4% during the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after buying an additional 25,234 shares in the last quarter. Woodline Partners LP grew its holdings in shares of VICI Properties by 41.3% during the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock worth $2,905,000 after purchasing an additional 26,017 shares in the last quarter. Wedmont Private Capital increased its position in shares of VICI Properties by 14.6% during the second quarter. Wedmont Private Capital now owns 7,905 shares of the company’s stock valued at $260,000 after purchasing an additional 1,010 shares during the period. NorthCrest Asset Manangement LLC bought a new stake in shares of VICI Properties during the second quarter valued at approximately $448,000. Finally, Assenagon Asset Management S.A. lifted its position in VICI Properties by 4.4% in the second quarter. Assenagon Asset Management S.A. now owns 30,691 shares of the company’s stock worth $1,001,000 after purchasing an additional 1,291 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Mizuho dropped their price objective on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company 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 lowered their price objective on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. The Goldman Sachs Group cut their target price on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.31.

VICI Properties Stock Up 2.0%

Shares of NYSE VICI opened at $28.98 on Monday. VICI Properties Inc. has a 1 year low of $27.48 and a 1 year high of $34.03. The firm’s 50-day moving average is $28.52 and its 200-day moving average is $31.03. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $30.97 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 2.88 and a beta of 0.70.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly 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. Equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 6.2%. VICI Properties’s dividend payout ratio (DPR) is currently 68.70%.

About VICI Properties

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.