Carmel Capital Partners LLC Lowers Stake in VICI Properties Inc. $VICI

Carmel Capital Partners LLC reduced its stake in shares of VICI Properties Inc. (NYSE:VICI) by 31.1% in the second quarter, Holdings Channel reports. The firm owned 18,913 shares of the company’s stock after selling 8,551 shares during the period. Carmel Capital Partners LLC’s holdings in VICI Properties were worth $617,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Chevy Chase Trust Holdings LLC boosted its stake in shares of VICI Properties by 1.0% during the second quarter. Chevy Chase Trust Holdings LLC now owns 558,469 shares of the company’s stock valued at $18,206,000 after purchasing an additional 5,602 shares during the period. Applied Finance Capital Management LLC purchased a new stake in shares of VICI Properties during the second quarter valued at $696,000. Nordea Investment Management AB boosted its stake in shares of VICI Properties by 4.2% during the second quarter. Nordea Investment Management AB now owns 52,797 shares of the company’s stock valued at $1,704,000 after purchasing an additional 2,139 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in VICI Properties in the second quarter worth about $294,000. Finally, Allianz Asset Management GmbH lifted its stake in VICI Properties by 7.5% in the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock worth $816,617,000 after acquiring an additional 1,755,385 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $30.89 on Friday. The company has a market capitalization of $32.94 billion, a PE ratio of 11.84, a P/E/G ratio of 3.06 and a beta of 0.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The company has a 50-day simple moving average of $32.55 and a two-hundred day simple moving average of $32.31. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03.

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

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued a dividend of $0.45 per share. 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. The ex-dividend date was Thursday, September 18th. VICI Properties’s dividend payout ratio is currently 68.97%.

Analysts Set New Price Targets

VICI has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Cantor Fitzgerald initiated coverage on shares of VICI Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $37.00 price objective for the company. Mizuho upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Finally, Morgan Stanley upped 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 note on Tuesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $36.00.

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.