Frank Rimerman Advisors LLC Acquires 3,127 Shares of VICI Properties Inc. $VICI

Frank Rimerman Advisors LLC lifted its stake in VICI Properties Inc. (NYSE:VICI) by 12.2% in the second quarter, Holdings Channel.com reports. The fund owned 28,764 shares of the company’s stock after purchasing an additional 3,127 shares during the period. Frank Rimerman Advisors LLC’s holdings in VICI Properties were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its holdings in VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after purchasing an additional 724 shares in the last quarter. Hoey Investments Inc. bought a new stake in shares of VICI Properties during the second quarter valued at about $33,000. Avalon Trust Co purchased a new stake in shares of VICI Properties in the first quarter worth about $35,000. Investment Management Corp VA ADV boosted its position in shares of VICI Properties by 171.3% in the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after acquiring an additional 709 shares during the period. Finally, Bell Investment Advisors Inc grew its stake in VICI Properties by 32.7% during the second quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after acquiring an additional 351 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VICI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Thursday, November 13th. Stifel Nicolaus lowered their price objective on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Cantor Fitzgerald dropped their price objective on VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company restated an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research note on Tuesday. Finally, Mizuho lifted their price target on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.38.

VICI Properties Trading Down 1.9%

NYSE VICI opened at $29.56 on Wednesday. The stock’s 50-day simple moving average is $31.34 and its two-hundred day simple moving average is $32.16. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.03. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $31.59 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 3.00 and a beta of 0.72.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were paid a $0.45 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s payout ratio is currently 68.70%.

About VICI Properties

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.