PUREfi Wealth LLC Buys Shares of 7,226 VICI Properties Inc. $VICI

PUREfi Wealth LLC bought a new stake in VICI Properties Inc. (NYSE:VICI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,226 shares of the company’s stock, valued at approximately $236,000.

Other large investors have also recently modified their holdings of the company. Valeo Financial Advisors LLC bought a new position in shares of VICI Properties in the 2nd quarter valued at $4,972,000. DAVENPORT & Co LLC lifted its stake in shares of VICI Properties by 6.0% in the 2nd quarter. DAVENPORT & Co LLC now owns 11,290 shares of the company’s stock valued at $368,000 after acquiring an additional 644 shares during the last quarter. JSF Financial LLC bought a new position in shares of VICI Properties in the 2nd quarter valued at $1,159,000. QRG Capital Management Inc. lifted its stake in shares of VICI Properties by 122.2% in the 2nd quarter. QRG Capital Management Inc. now owns 698,400 shares of the company’s stock valued at $22,768,000 after acquiring an additional 384,037 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. lifted its stake in shares of VICI Properties by 15.0% in the 2nd quarter. Cornell Pochily Investment Advisors Inc. now owns 15,015 shares of the company’s stock valued at $489,000 after acquiring an additional 1,954 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VICI. Wells Fargo & Company raised their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of VICI Properties in a research report on Saturday, September 27th. Stifel Nicolaus raised their target price on VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. JMP Securities set a $35.00 target price on VICI Properties in a research report on Tuesday, July 22nd. Finally, Mizuho raised their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Thirteen analysts have rated the stock with a Buy rating and three have assigned 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 $36.00.

VICI Properties Stock Performance

VICI stock opened at $32.65 on Monday. The stock has a 50-day moving average price of $32.90 and a 200-day moving average price of $32.37. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.03. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The firm has a market cap of $34.81 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 3.25 and a beta of 0.72.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current 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 dividend of $0.45 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a yield of 5.5%. VICI Properties’s dividend payout ratio (DPR) is presently 68.97%.

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.