7,126 Shares in VICI Properties Inc. $VICI Acquired by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 7,126 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Chesley Taft & Associates LLC boosted its position in VICI Properties by 3.6% in the 2nd quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock valued at $304,000 after buying an additional 324 shares during the period. Wright Investors Service Inc. boosted its position in VICI Properties by 0.4% in the 2nd quarter. Wright Investors Service Inc. now owns 74,517 shares of the company’s stock valued at $2,429,000 after buying an additional 330 shares during the period. Provident Investment Management Inc. lifted its position in shares of VICI Properties by 1.5% during the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company’s stock worth $776,000 after purchasing an additional 350 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of VICI Properties by 8.5% during the 1st quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company’s stock worth $150,000 after purchasing an additional 359 shares during the last quarter. Finally, Moran Wealth Management LLC lifted its position in shares of VICI Properties by 0.9% during the 1st quarter. Moran Wealth Management LLC now owns 40,578 shares of the company’s stock worth $1,324,000 after purchasing an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $32.25 on Tuesday. The company’s fifty day moving average price is $32.90 and its 200 day moving average price is $32.38. 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 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $34.39 billion, a P/E ratio of 12.36, a P/E/G ratio of 3.25 and a beta of 0.72.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same period last year, the business earned $0.57 EPS. VICI Properties’s revenue for the quarter was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 5.6%. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio (DPR) is 68.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Cantor Fitzgerald assumed coverage on shares of VICI Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $37.00 price objective for the company. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Scotiabank lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Finally, Evercore ISI lifted their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.00.

VICI Properties Company Profile

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.