GAMMA Investing LLC Buys 2,631 Shares of VICI Properties Inc. $VICI

GAMMA Investing LLC raised its position in VICI Properties Inc. (NYSE:VICI) by 20.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 15,412 shares of the company’s stock after acquiring an additional 2,631 shares during the period. GAMMA Investing LLC’s holdings in VICI Properties were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in VICI Properties in the 1st quarter valued at about $29,000. AdvisorNet Financial Inc increased its stake in shares of VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company’s stock worth $33,000 after purchasing an additional 786 shares in the last quarter. Avalon Trust Co bought a new stake in shares of VICI Properties in the first quarter valued at approximately $35,000. Investment Management Corp VA ADV lifted its stake in shares of VICI Properties by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after buying an additional 709 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its stake in shares of VICI Properties by 55.5% during the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock valued at $58,000 after buying an additional 634 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI Properties stock opened at $32.03 on Friday. The stock has a market cap of $34.15 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 3.18 and a beta of 0.70. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The business has a 50-day simple moving average of $32.97 and a 200 day simple moving average of $32.35. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.03.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. During the same quarter last year, the company posted $0.57 EPS. The company’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. On average, research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a yield of 5.6%. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio is presently 68.97%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VICI shares. Mizuho lifted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Stifel Nicolaus lifted their price target on VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Evercore ISI increased their price objective on VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Morgan Stanley lifted their target price on VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Finally, Citigroup reissued a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.92.

VICI Properties 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.