Checchi Capital Advisers LLC Sells 893 Shares of VICI Properties Inc. $VICI

Checchi Capital Advisers LLC lowered its stake in VICI Properties Inc. (NYSE:VICI) by 6.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,995 shares of the company’s stock after selling 893 shares during the quarter. Checchi Capital Advisers LLC’s holdings in VICI Properties were worth $424,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Procyon Advisors LLC purchased a new position in shares of VICI Properties in the first quarter worth $217,000. UMB Bank n.a. grew its holdings in VICI Properties by 29.6% in the 1st quarter. UMB Bank n.a. now owns 2,475 shares of the company’s stock worth $81,000 after acquiring an additional 565 shares during the last quarter. Wedmont Private Capital bought a new position in shares of VICI Properties during the first quarter valued at about $214,000. Farther Finance Advisors LLC raised its stake in shares of VICI Properties by 26.7% during the first quarter. Farther Finance Advisors LLC now owns 10,201 shares of the company’s stock valued at $331,000 after acquiring an additional 2,152 shares during the last quarter. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of VICI Properties during the first quarter worth about $290,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $32.25 on Tuesday. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.03. The firm has a market capitalization of $34.39 billion, a P/E ratio of 12.36, a P/E/G ratio of 3.25 and a beta of 0.72. 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 business has a fifty day simple moving average of $32.90 and a two-hundred day simple moving average of $32.38.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. During the same period in the prior year, the firm earned $0.57 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 5.6%. VICI Properties’s dividend payout ratio (DPR) is 68.97%.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of recent analyst reports. Stifel Nicolaus upped 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 raised their price target on VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research report on Tuesday, July 22nd. Scotiabank upped their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Finally, Morgan Stanley lifted their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Thirteen 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 stock has an average rating of “Moderate Buy” and an average target price of $36.00.

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.