AlTi Global Inc. Invests $507,000 in VICI Properties Inc. $VICI

AlTi Global Inc. acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,392 shares of the company’s stock, valued at approximately $507,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new position in shares of VICI Properties during the 1st quarter worth about $29,000. Hoey Investments Inc. bought a new position in shares of VICI Properties during the 2nd quarter worth about $33,000. Avalon Trust Co bought a new position in shares of VICI Properties during the 1st quarter worth about $35,000. Investment Management Corp VA ADV boosted its position in shares of VICI Properties by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock worth $37,000 after purchasing an additional 709 shares in the last quarter. Finally, Kestra Investment Management LLC boosted its position in shares of VICI Properties by 55.5% during the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after purchasing an additional 634 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.6%

NYSE:VICI opened at $31.24 on Friday. 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 firm has a market cap of $33.31 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 3.13 and a beta of 0.72. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.03. The firm has a 50-day moving average price of $32.40 and a two-hundred day moving average price of $32.33.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. 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. On average, equities analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were paid a $0.45 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 5.8%. VICI Properties’s dividend payout ratio (DPR) is 68.97%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Mizuho increased 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. Morgan Stanley upped their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Citigroup restated a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Scotiabank upped their target price 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. Finally, Cantor Fitzgerald assumed coverage on shares of VICI Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $37.00 target price on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.08.

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.