VICI Properties Inc. $VICI Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its position in VICI Properties Inc. (NYSE:VICI) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,054 shares of the company’s stock after selling 688 shares during the period. Prime Capital Investment Advisors LLC’s holdings in VICI Properties were worth $263,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VICI. Farther Finance Advisors LLC increased its holdings in shares of VICI Properties by 26.7% in the 1st quarter. Farther Finance Advisors LLC now owns 10,201 shares of the company’s stock worth $331,000 after acquiring an additional 2,152 shares during the period. SG Americas Securities LLC increased its holdings in shares of VICI Properties by 227.9% in the 1st quarter. SG Americas Securities LLC now owns 91,974 shares of the company’s stock worth $3,000,000 after acquiring an additional 63,926 shares during the period. CX Institutional acquired a new stake in shares of VICI Properties in the 1st quarter worth about $240,000. Simon Quick Advisors LLC acquired a new stake in shares of VICI Properties in the 1st quarter worth about $375,000. Finally, Fifth Third Bancorp increased its holdings in shares of VICI Properties by 18.3% in the 1st quarter. Fifth Third Bancorp now owns 54,363 shares of the company’s stock worth $1,773,000 after acquiring an additional 8,405 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on VICI shares. Scotiabank increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. JMP Securities set a $35.00 price objective on shares of VICI Properties in a report on Tuesday, July 22nd. Morgan Stanley raised their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Wells Fargo & Company raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Finally, Cantor Fitzgerald initiated coverage on shares of VICI Properties in a research note on Wednesday, October 1st. They set an “overweight” rating and a $37.00 target price on the stock. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

VICI Properties Stock Performance

Shares of VICI opened at $30.97 on Monday. The firm’s 50 day moving average is $32.78 and its 200-day moving average is $32.36. The stock has a market capitalization of $33.03 billion, a P/E ratio of 11.87, a P/E/G ratio of 3.09 and a beta of 0.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03.

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

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $1.80 annualized dividend and a dividend yield of 5.8%. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio is presently 68.97%.

VICI Properties 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.