Nwam LLC Invests $214,000 in VICI Properties Inc. $VICI

Nwam LLC bought a new stake in VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,592 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors have also added to or reduced their stakes in VICI. D.A. Davidson & CO. grew its holdings in VICI Properties by 85.3% during the second quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock worth $669,000 after purchasing an additional 9,451 shares during the period. State of Michigan Retirement System lifted its position in shares of VICI Properties by 5.9% in the second quarter. State of Michigan Retirement System now owns 302,800 shares of the company’s stock valued at $9,871,000 after buying an additional 16,800 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of VICI Properties by 33.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 6,144 shares of the company’s stock worth $200,000 after acquiring an additional 1,551 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of VICI Properties by 86.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 27,451 shares of the company’s stock worth $895,000 after acquiring an additional 12,737 shares during the period. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of VICI Properties during the 2nd quarter worth approximately $223,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

NYSE VICI opened at $30.43 on Friday. The firm has a 50-day moving average price of $31.54 and a two-hundred day moving average price of $32.19. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03. The company has a market capitalization of $32.52 billion, a P/E ratio of 11.61, a P/E/G ratio of 3.04 and a beta of 0.72. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The business’s revenue for the quarter 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. Analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Thursday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio is currently 68.70%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays lifted their price objective 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. Weiss Ratings downgraded shares of VICI Properties from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, November 7th. JPMorgan Chase & Co. upped their price target on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Mizuho raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Finally, Scotiabank upped their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.69.

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.