Charles Schwab Investment Management Inc. Purchases 566,710 Shares of VICI Properties Inc. $VICI

Charles Schwab Investment Management Inc. lifted its position in shares of VICI Properties Inc. (NYSE:VICI) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,911,883 shares of the company’s stock after purchasing an additional 566,710 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in VICI Properties were worth $420,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chesley Taft & Associates LLC lifted its position in VICI Properties by 3.6% during the second quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock valued at $304,000 after buying an additional 324 shares during the period. Wright Investors Service Inc. increased its stake 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 worth $2,429,000 after acquiring an additional 330 shares in the last quarter. Provident Investment Management Inc. lifted its position in VICI Properties by 1.5% during the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company’s stock valued at $776,000 after acquiring an additional 350 shares during the period. Heritage Wealth Advisors lifted its position in VICI Properties by 18.9% during the 2nd quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock valued at $72,000 after acquiring an additional 350 shares during the period. Finally, Bell Investment Advisors Inc boosted its stake in VICI Properties by 32.7% during the second quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock worth $46,000 after acquiring an additional 351 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VICI shares. JPMorgan Chase & Co. raised their target price on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Barclays raised their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Wells Fargo & Company reissued an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Mizuho raised their price target on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Finally, Evercore ISI dropped their price target 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. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and a consensus price target of $35.38.

VICI Properties Stock Down 0.3%

VICI stock opened at $28.73 on Tuesday. The stock has a market capitalization of $30.71 billion, a P/E ratio of 10.97, a P/E/G ratio of 2.87 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.03. The business has a fifty day moving average price of $31.00 and a 200-day moving average price of $32.08.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.VICI Properties’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities 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. Stockholders of record on Thursday, September 18th were paid a $0.45 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.3%. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

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.