VICI Properties Inc. $VICI Shares Purchased by Leo Wealth LLC

Leo Wealth LLC boosted its stake in VICI Properties Inc. (NYSE:VICI) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,271 shares of the company’s stock after purchasing an additional 391 shares during the period. Leo Wealth LLC’s holdings in VICI Properties were worth $237,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VICI. Price T Rowe Associates Inc. MD boosted its position in VICI Properties by 205.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock valued at $556,077,000 after buying an additional 11,458,239 shares during the last quarter. Nuveen LLC purchased a new position in VICI Properties in the 1st quarter valued at about $320,179,000. Deutsche Bank AG boosted its position in VICI Properties by 172.4% in the 1st quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock valued at $241,229,000 after buying an additional 4,680,136 shares during the last quarter. American Century Companies Inc. boosted its position in VICI Properties by 81.6% in the 1st quarter. American Century Companies Inc. now owns 8,252,528 shares of the company’s stock valued at $269,197,000 after buying an additional 3,707,396 shares during the last quarter. Finally, Bahl & Gaynor Inc. purchased a new position in VICI Properties in the 1st quarter valued at about $99,701,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI stock opened at $30.97 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03. The company’s 50-day simple moving average is $32.78 and its 200-day simple moving average is $32.36. The stock has a market capitalization of $33.03 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 3.09 and a beta of 0.72.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) 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 analysts’ expectations of $991.59 million. During the same quarter last year, the company posted $0.57 earnings per share. VICI Properties’s revenue was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities analysts anticipate 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 was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a $0.45 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s dividend payout ratio is 68.97%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VICI shares. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research report on Tuesday, July 22nd. Morgan Stanley upped their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Scotiabank upped their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of VICI Properties in a research report on Wednesday. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $36.00.

VICI Properties Company 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.