Wealthfront Advisers LLC Boosts Holdings in VICI Properties Inc. $VICI

Wealthfront Advisers LLC grew its holdings in VICI Properties Inc. (NYSE:VICI) by 8.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 247,184 shares of the company’s stock after buying an additional 18,227 shares during the quarter. Wealthfront Advisers LLC’s holdings in VICI Properties were worth $8,058,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Allianz Asset Management GmbH lifted its holdings in shares of VICI Properties by 7.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock valued at $816,617,000 after buying an additional 1,755,385 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of VICI Properties by 205.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock valued at $556,077,000 after buying an additional 11,458,239 shares during the period. Northern Trust Corp lifted its holdings in shares of VICI Properties by 13.2% in the 1st quarter. Northern Trust Corp now owns 13,743,229 shares of the company’s stock valued at $448,304,000 after buying an additional 1,606,559 shares during the period. Invesco Ltd. lifted its holdings in shares of VICI Properties by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,491,589 shares of the company’s stock valued at $440,096,000 after buying an additional 77,544 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of VICI Properties by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company’s stock valued at $402,700,000 after buying an additional 135,836 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on VICI shares. JPMorgan Chase & Co. raised their price target on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Stifel Nicolaus lifted their price objective on VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of VICI Properties in a report on Wednesday, October 8th. Mizuho lifted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. Finally, Evercore ISI lifted their price objective on VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $36.08.

VICI Properties Stock Performance

NYSE VICI opened at $30.95 on Tuesday. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.03. The stock has a market cap of $33.00 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 3.11 and a beta of 0.72. The business has a fifty day moving average of $32.37 and a 200-day moving average of $32.37. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62.

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. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.59 million. During the same period in the previous year, the firm posted $0.57 earnings per share. 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. As a group, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently disclosed 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 of this dividend was Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) 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.