Los Angeles Capital Management LLC Has $13.90 Million Holdings in VICI Properties Inc. $VICI

Los Angeles Capital Management LLC lowered its position in shares of VICI Properties Inc. (NYSE:VICI) by 24.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 426,497 shares of the company’s stock after selling 139,944 shares during the period. Los Angeles Capital Management LLC’s holdings in VICI Properties were worth $13,904,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings in shares of VICI Properties by 489.2% during the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after buying an additional 724 shares in the last quarter. Hoey Investments Inc. bought a new position in VICI Properties during the second quarter worth about $33,000. Avalon Trust Co bought a new position in VICI Properties during the first quarter worth about $35,000. Investment Management Corp VA ADV raised its stake in VICI Properties by 171.3% in the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock worth $37,000 after purchasing an additional 709 shares in the last quarter. Finally, Kestra Investment Management LLC boosted its holdings in VICI Properties by 55.5% in the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock valued at $58,000 after purchasing an additional 634 shares during the period. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Up 1.8%

NYSE VICI opened at $30.33 on Friday. The business has a fifty day moving average price of $31.78 and a two-hundred day moving average price of $32.25. The stock has a market capitalization of $32.41 billion, a PE ratio of 11.58, a PEG ratio of 3.02 and a beta of 0.72. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.03. 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 (NYSE:VICI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently disclosed 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 is a positive change from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $1.80 annualized dividend and a dividend yield of 5.9%. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on VICI shares. JPMorgan Chase & Co. raised their target price 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. Wells Fargo & Company raised their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Cantor Fitzgerald dropped their price objective on VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday. 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. Finally, Stifel Nicolaus decreased their price target on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.