Bleakley Financial Group LLC Increases Stake in VICI Properties Inc. $VICI

Bleakley Financial Group LLC boosted its position in VICI Properties Inc. (NYSE:VICI) by 8.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 42,363 shares of the company’s stock after acquiring an additional 3,477 shares during the period. Bleakley Financial Group LLC’s holdings in VICI Properties were worth $1,381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blackhawk Capital Partners LLC. lifted its stake 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 in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in VICI Properties during the 1st quarter valued at $2,170,000. DAVENPORT & Co LLC lifted its position in shares of VICI Properties by 3.9% during the first quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company’s stock worth $347,000 after acquiring an additional 403 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of VICI Properties by 49.8% during the first quarter. Concurrent Investment Advisors LLC now owns 62,760 shares of the company’s stock worth $2,047,000 after acquiring an additional 20,855 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of VICI Properties by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 5,668,425 shares of the company’s stock worth $184,904,000 after acquiring an additional 24,076 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.6%

Shares of VICI opened at $31.24 on Friday. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.03. The company has a market capitalization of $33.31 billion, a P/E ratio of 11.97, a P/E/G ratio of 3.11 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 firm’s 50 day simple moving average is $32.40 and its 200 day simple moving average is $32.35.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The business’s revenue for the quarter 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. Sell-side analysts forecast 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. Shareholders of record on Thursday, September 18th were given a dividend of $0.45 per share. The ex-dividend date 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 yield of 5.8%. VICI Properties’s dividend payout ratio (DPR) is 68.97%.

Analysts Set New Price Targets

A number of analysts recently issued reports on VICI shares. Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of VICI Properties in a research report on Friday. JPMorgan Chase & Co. upped their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Mizuho increased their target price 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, Scotiabank boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Thirteen 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 currently has an average rating of “Moderate Buy” and an average target price 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.