Oak Thistle LLC Cuts Stake in VICI Properties Inc. $VICI

Oak Thistle LLC lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 47.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,925 shares of the company’s stock after selling 27,513 shares during the quarter. Oak Thistle LLC’s holdings in VICI Properties were worth $1,008,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of VICI. State of Wyoming acquired a new position in VICI Properties during the 2nd quarter worth approximately $26,000. Parvin Asset Management LLC purchased a new stake in shares of VICI Properties during the second quarter valued at approximately $27,000. Hantz Financial Services Inc. lifted its position in shares of VICI Properties by 489.2% during the second 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. Headlands Technologies LLC purchased a new position in shares of VICI Properties in the second quarter valued at $28,000. Finally, Hoey Investments Inc. acquired a new stake in VICI Properties during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VICI. Barclays cut their price objective on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Stifel Nicolaus cut their price target on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company reissued an “equal weight” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Mizuho dropped their price objective on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Cantor Fitzgerald cut their target price on VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.36.

VICI Properties Price Performance

Shares of NYSE VICI opened at $28.11 on Friday. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $30.04 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 2.83 and a beta of 0.70. VICI Properties Inc. has a twelve month low of $27.63 and a twelve month high of $34.03. The business has a 50 day simple moving average of $29.62 and a 200-day simple moving average of $31.66.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The firm had revenue of $1.01 billion for 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 firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 6.4%. VICI Properties’s payout ratio is 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.