VICI Properties Inc. $VICI Stock Holdings Decreased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC reduced its position in VICI Properties Inc. (NYSE:VICI) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,054 shares of the company’s stock after selling 688 shares during the period. Prime Capital Investment Advisors LLC’s holdings in VICI Properties were worth $263,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in VICI. Price T Rowe Associates Inc. MD boosted its holdings in shares of VICI Properties by 205.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after purchasing an additional 11,458,239 shares during the period. Nuveen LLC acquired a new stake in shares of VICI Properties in the first quarter worth $320,179,000. Deutsche Bank AG lifted its stake in shares of VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock worth $241,229,000 after buying an additional 4,680,136 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of VICI Properties by 81.6% in the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company’s stock worth $269,197,000 after buying an additional 3,707,396 shares during the last quarter. Finally, Bahl & Gaynor Inc. acquired a new stake in shares of VICI Properties in the first quarter worth $99,701,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VICI. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Weiss Ratings restated a “buy (b-)” rating on shares of VICI Properties in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Evercore ISI boosted their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Finally, Morgan Stanley upped 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 research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

VICI Properties Price Performance

NYSE:VICI opened at $30.97 on Monday. The stock has a market cap of $33.03 billion, a P/E ratio of 11.87, a PEG ratio of 3.09 and a beta of 0.72. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03. The company has a fifty day moving average price of $32.78 and a 200 day moving average price of $32.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74.

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

VICI Properties Increases Dividend

The firm also recently declared 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 a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 5.8%. VICI Properties’s payout ratio is presently 68.97%.

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.