Keeler Thomas Management LLC Makes New Investment in VICI Properties Inc. $VICI

Keeler Thomas Management LLC bought a new position in VICI Properties Inc. (NYSE:VICI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 71,627 shares of the company’s stock, valued at approximately $2,335,000. VICI Properties comprises about 1.0% of Keeler Thomas Management LLC’s investment portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Chesley Taft & Associates LLC increased its stake in VICI Properties by 3.6% during the second quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock worth $304,000 after acquiring an additional 324 shares during the last quarter. Wright Investors Service Inc. increased its position in shares of 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 purchasing an additional 330 shares during the last quarter. Provident Investment Management Inc. lifted its holdings in 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 buying an additional 350 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in 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 buying an additional 359 shares during the last quarter. Finally, Moran Wealth Management LLC increased its position in shares of VICI Properties by 0.9% during the first 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 in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

VICI opened at $31.24 on Friday. The stock has a market cap of $33.31 billion, a P/E ratio of 11.97, a P/E/G ratio of 3.13 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. The stock’s 50 day simple moving average is $32.40 and its 200 day simple moving average is $32.33. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.03.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $1 billion for 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 company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Wells Fargo & Company boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Barclays boosted their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. boosted their target price on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Finally, Cantor Fitzgerald began coverage on VICI Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $37.00 target price on the stock. Thirteen 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.08.

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.