Oppenheimer Asset Management Inc. Has $19.81 Million Holdings in VICI Properties Inc. $VICI

Oppenheimer Asset Management Inc. decreased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 607,631 shares of the company’s stock after selling 3,278 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.06% of VICI Properties worth $19,809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in VICI Properties by 24.4% in the first quarter. International Assets Investment Management LLC now owns 8,996 shares of the company’s stock worth $293,000 after purchasing an additional 1,766 shares during the period. Spire Wealth Management boosted its position in shares of VICI Properties by 2,602.0% during the 1st quarter. Spire Wealth Management now owns 9,295 shares of the company’s stock worth $303,000 after purchasing an additional 8,951 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of VICI Properties by 16.4% in the 1st quarter. Bessemer Group Inc. now owns 11,171 shares of the company’s stock valued at $365,000 after buying an additional 1,572 shares during the period. Transcend Capital Advisors LLC grew its stake in shares of VICI Properties by 69.6% in the 1st quarter. Transcend Capital Advisors LLC now owns 12,046 shares of the company’s stock valued at $393,000 after buying an additional 4,945 shares during the period. Finally, Achmea Investment Management B.V. increased its position in VICI Properties by 45.2% in the 1st quarter. Achmea Investment Management B.V. now owns 39,171 shares of the company’s stock valued at $1,278,000 after buying an additional 12,203 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VICI. Wells Fargo & Company raised their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Morgan Stanley lifted their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. upped their price objective 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of VICI Properties in a report on Friday. Finally, Scotiabank boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.08.

VICI Properties Stock Performance

NYSE VICI opened at $31.24 on Friday. The company has a fifty day moving average price of $32.40 and a 200-day moving average price of $32.35. The firm has a market cap of $33.31 billion, a price-to-earnings ratio of 11.97, a PEG 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. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.03.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.8%. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. VICI Properties’s dividend payout ratio is 68.97%.

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.