Cresset Asset Management LLC Buys 17,327 Shares of VICI Properties Inc. $VICI

Cresset Asset Management LLC boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 172.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,388 shares of the company’s stock after purchasing an additional 17,327 shares during the period. Cresset Asset Management LLC’s holdings in VICI Properties were worth $905,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Blackhawk Capital Partners LLC. lifted its stake in VICI Properties by 102.3% in the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company’s stock worth $643,000 after purchasing an additional 9,967 shares during the last quarter. DigitalBridge Group Inc. bought a new stake in VICI Properties in the fourth quarter worth $4,282,000. Prevail Innovative Wealth Advisors LLC bought a new stake in VICI Properties in the first quarter worth $2,170,000. Gordian Capital Singapore Pte Ltd bought a new stake in VICI Properties in the fourth quarter worth $2,773,000. Finally, Columbus Macro LLC lifted its stake in VICI Properties by 7.8% in the first quarter. Columbus Macro LLC now owns 123,983 shares of the company’s stock worth $4,044,000 after purchasing an additional 8,967 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

VICI Properties stock opened at $33.0250 on Friday. The firm has a 50-day moving average price of $32.88 and a 200-day moving average price of $32.05. The firm has a market capitalization of $35.22 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 3.30 and a beta of 0.68. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.29.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. During the same quarter last year, the business posted $0.57 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.2%. VICI Properties’s dividend payout ratio (DPR) is 66.28%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VICI shares. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Morgan Stanley increased their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Robert W. Baird upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Finally, JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $35.40.

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.