IRON Financial LLC Invests $707,000 in VICI Properties Inc. $VICI

IRON Financial LLC purchased a new position in shares of VICI Properties Inc. (NYSE:VICI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,669 shares of the company’s stock, valued at approximately $707,000.

Several other institutional investors also recently bought and sold shares of VICI. Vanguard Group Inc. increased its stake in VICI Properties by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock worth $5,086,097,000 after buying an additional 1,849,545 shares in the last quarter. State Street Corp boosted its stake in shares of VICI Properties by 2.1% in the second quarter. State Street Corp now owns 59,694,662 shares of the company’s stock worth $1,970,935,000 after acquiring an additional 1,204,476 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of VICI Properties by 7.1% in the second quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock worth $1,144,400,000 after acquiring an additional 2,281,688 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of VICI Properties by 7.5% during the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock worth $816,617,000 after purchasing an additional 1,755,385 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in VICI Properties by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock valued at $711,043,000 after purchasing an additional 2,326,747 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VICI shares. The Goldman Sachs Group decreased their price objective on VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Mizuho decreased their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th. Stifel Nicolaus lowered their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Barclays dropped their price objective on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Finally, Cantor Fitzgerald set a $33.00 target price on shares of VICI Properties in a research note on Monday, January 5th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.31.

VICI Properties Price Performance

VICI Properties stock opened at $27.77 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 50-day moving average price of $28.71 and a 200 day moving average price of $31.19. VICI Properties Inc. has a 12-month low of $27.48 and a 12-month high of $34.03. The stock has a market cap of $29.68 billion, a P/E ratio of 10.60, a PEG ratio of 2.76 and a beta of 0.70.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate 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%. VICI Properties’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were given a $0.45 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 6.5%. VICI Properties’s payout ratio is currently 68.70%.

About VICI Properties

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.