Sterling Investment Management LLC Acquires Shares of 26,500 VICI Properties Inc. $VICI

Sterling Investment Management LLC bought a new position in VICI Properties Inc. (NYSE:VICI) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 26,500 shares of the company’s stock, valued at approximately $864,000.

A number of other large investors also recently made changes to their positions in the company. State of Wyoming bought a new stake in VICI Properties in the 2nd quarter worth about $26,000. Parvin Asset Management LLC bought a new position in shares of VICI Properties in the second quarter valued at approximately $27,000. Headlands Technologies LLC bought a new stake in VICI Properties during the second quarter worth $28,000. Hantz Financial Services Inc. boosted its position in VICI Properties by 489.2% in 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 during the last quarter. Finally, Hoey Investments Inc. bought a new position in VICI Properties in the 2nd quarter valued at $33,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Up 0.2%

VICI Properties stock opened at $28.35 on Wednesday. The firm has a 50 day simple moving average of $29.13 and a 200 day simple moving average of $31.44. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties Inc. has a 1-year low of $27.56 and a 1-year high of $34.03. The firm has a market capitalization of $30.30 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 2.82 and a beta of 0.70.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 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 analyst estimates of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 6.4%. VICI Properties’s dividend payout ratio is currently 68.70%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VICI shares. Barclays cut their price target 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 reduced their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Wells Fargo & Company restated an “equal weight” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note 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 research note on Wednesday, December 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Monday. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.36.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.