Principle Wealth Partners LLC Invests $208,000 in VICI Properties Inc. $VICI

Principle Wealth Partners LLC purchased a new position in shares of VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 6,385 shares of the company’s stock, valued at approximately $208,000.

Other hedge funds have also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of VICI Properties during the first quarter worth $29,000. Hoey Investments Inc. acquired a new stake in shares of VICI Properties during the second quarter worth $33,000. Avalon Trust Co acquired a new stake in shares of VICI Properties during the first quarter worth $35,000. Investment Management Corp VA ADV lifted its holdings in shares of VICI Properties by 171.3% during the first 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 during the period. Finally, Kestra Investment Management LLC lifted its holdings in shares of VICI Properties by 55.5% during the first quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after purchasing an additional 634 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VICI shares. Morgan Stanley increased their price target on VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Scotiabank increased their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Cantor Fitzgerald assumed coverage on VICI Properties in a report on Wednesday, October 1st. They set an “overweight” rating and a $37.00 price target for the company. JPMorgan Chase & Co. increased their price objective 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, Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.08.

VICI Properties Trading Down 0.6%

NYSE:VICI opened at $31.24 on Friday. The stock has a fifty day moving average price of $32.40 and a two-hundred day moving average price of $32.33. The stock has a market capitalization of $33.31 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 3.13 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. 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 data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.59 million. During the same quarter in the prior year, the business posted $0.57 earnings per share. VICI Properties’s revenue was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were given a $0.45 dividend. This is an increase 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%. The ex-dividend date was Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is 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.