Ibex Wealth Advisors Increases Stock Position in VICI Properties Inc. $VICI

Ibex Wealth Advisors increased its holdings in VICI Properties Inc. (NYSE:VICI) by 7.3% during the second quarter, HoldingsChannel.com reports. The fund owned 178,925 shares of the company’s stock after buying an additional 12,124 shares during the period. Ibex Wealth Advisors’ holdings in VICI Properties were worth $5,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of VICI. Price T Rowe Associates Inc. MD grew its position in VICI Properties by 205.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after purchasing an additional 11,458,239 shares during the last quarter. Nuveen LLC acquired a new stake in shares of VICI Properties during the first quarter worth about $320,179,000. Deutsche Bank AG grew its holdings in shares of VICI Properties by 172.4% during the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock worth $241,229,000 after buying an additional 4,680,136 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of VICI Properties by 81.6% during the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company’s stock worth $269,197,000 after buying an additional 3,707,396 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in VICI Properties in the 2nd quarter valued at about $110,366,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI Properties stock opened at $30.33 on Monday. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The business has a fifty day moving average of $31.78 and a two-hundred day moving average of $32.24. The company has a market cap of $32.41 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 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 business also recently announced 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 an increase from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 5.9%. VICI Properties’s dividend payout ratio (DPR) is currently 68.70%.

Analysts Set New Price Targets

A number of research firms have weighed in on VICI. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Barclays upped their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Cantor Fitzgerald lowered their price objective on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday. Evercore ISI dropped their price objective on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Finally, Scotiabank raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.69.

VICI Properties 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.