MGO One Seven LLC Trims Stock Position in VICI Properties Inc. $VICI

MGO One Seven LLC lowered its position in VICI Properties Inc. (NYSE:VICI) by 3.7% in the 2nd quarter, Holdings Channel reports. The fund owned 11,747 shares of the company’s stock after selling 450 shares during the quarter. MGO One Seven LLC’s holdings in VICI Properties were worth $383,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Blackhawk Capital Partners LLC. lifted its holdings in shares of VICI Properties by 102.3% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company’s stock valued at $643,000 after buying an additional 9,967 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new position in VICI Properties in the 1st quarter valued at $2,170,000. DAVENPORT & Co LLC grew its position in shares of VICI Properties by 3.9% during the 1st quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company’s stock worth $347,000 after buying an additional 403 shares in the last quarter. Adams Diversified Equity Fund Inc. bought a new position in shares of VICI Properties in the 1st quarter worth $11,032,000. Finally, Synergy Asset Management LLC lifted its holdings in shares of VICI Properties by 11,715.5% during the 1st quarter. Synergy Asset Management LLC now owns 45,608 shares of the company’s stock valued at $1,488,000 after purchasing an additional 45,222 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Mizuho boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Evercore ISI boosted their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Wells Fargo & Company increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Stifel Nicolaus boosted their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

VICI Properties Stock Up 0.5%

VICI Properties stock opened at $30.89 on Friday. The stock’s fifty day moving average is $32.55 and its two-hundred day moving average is $32.32. The firm has a market capitalization of $32.94 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 3.07 and a beta of 0.72. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74.

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

VICI Properties Increases Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.8%. VICI Properties’s dividend payout ratio is presently 68.97%.

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.