PUREfi Wealth LLC Acquires Shares of 7,226 VICI Properties Inc. $VICI

PUREfi Wealth LLC acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,226 shares of the company’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Valeo Financial Advisors LLC bought a new stake in VICI Properties in the second quarter valued at approximately $4,972,000. DAVENPORT & Co LLC raised its stake in VICI Properties by 6.0% in the second quarter. DAVENPORT & Co LLC now owns 11,290 shares of the company’s stock valued at $368,000 after buying an additional 644 shares during the period. JSF Financial LLC bought a new stake in VICI Properties in the second quarter valued at approximately $1,159,000. QRG Capital Management Inc. raised its stake in VICI Properties by 122.2% in the second quarter. QRG Capital Management Inc. now owns 698,400 shares of the company’s stock valued at $22,768,000 after buying an additional 384,037 shares during the period. Finally, Cornell Pochily Investment Advisors Inc. raised its stake in VICI Properties by 15.0% in the second quarter. Cornell Pochily Investment Advisors Inc. now owns 15,015 shares of the company’s stock valued at $489,000 after buying an additional 1,954 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on VICI. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of VICI Properties in a research report on Saturday, September 27th. Stifel Nicolaus upped their target price on VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Mizuho upped their target price on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. JMP Securities set a $35.00 target price on VICI Properties in a research report on Tuesday, July 22nd. Finally, Morgan Stanley upped their target price on VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

VICI Properties Trading Down 0.3%

Shares of NYSE:VICI opened at $32.65 on Monday. The company has a market capitalization of $34.81 billion, a P/E ratio of 12.51, a P/E/G ratio of 3.25 and a beta of 0.72. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.03. 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 business’s 50 day simple moving average is $32.90 and its 200 day simple moving average is $32.37.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be given a dividend of $0.45 per share. 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 yield of 5.5%. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is currently 68.97%.

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.