Parkside Financial Bank & Trust Grows Stock Holdings in VICI Properties Inc. $VICI

Parkside Financial Bank & Trust increased its position in VICI Properties Inc. (NYSE:VICI) by 19.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,058 shares of the company’s stock after acquiring an additional 1,655 shares during the period. Parkside Financial Bank & Trust’s holdings in VICI Properties were worth $328,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in VICI. Hantz Financial Services Inc. grew its position in shares of 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 purchasing an additional 724 shares during the last quarter. Hoey Investments Inc. acquired a new position in VICI Properties in the second quarter valued at $33,000. Avalon Trust Co acquired a new position in shares of VICI Properties during the 1st quarter valued at about $35,000. Investment Management Corp VA ADV raised its stake in VICI Properties by 171.3% during the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock worth $37,000 after purchasing an additional 709 shares during the period. Finally, Kestra Investment Management LLC raised its position in shares of VICI Properties by 55.5% in the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after buying an additional 634 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on VICI shares. JPMorgan Chase & Co. lifted their price target on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Scotiabank increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Barclays increased their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Evercore ISI decreased their price objective on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Finally, Mizuho upped their target price on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average price target of $35.69.

VICI Properties Price Performance

NYSE VICI opened at $30.33 on Monday. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month 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’s 50 day simple moving average is $31.78 and its 200 day simple moving average is $32.24. The firm has a market capitalization of $32.41 billion, a PE ratio of 11.58, a P/E/G ratio of 3.02 and a beta of 0.72.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data 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. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued 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 dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s dividend 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.