Mediolanum International Funds Ltd Has $16.58 Million Holdings in VICI Properties Inc. $VICI

Mediolanum International Funds Ltd lowered its position in shares of VICI Properties Inc. (NYSE:VICI) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 513,477 shares of the company’s stock after selling 5,753 shares during the quarter. Mediolanum International Funds Ltd’s holdings in VICI Properties were worth $16,575,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of brokerages recently commented on VICI. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Evercore ISI lowered their target price on VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Barclays lifted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Scotiabank lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.38.

VICI Properties Price Performance

VICI opened at $28.81 on Friday. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The company has a market capitalization of $30.79 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 2.87 and a beta of 0.72. The firm’s fifty day moving average price is $31.09 and its two-hundred day moving average price is $32.09.

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

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.2%. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s payout ratio is currently 68.70%.

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.