Sequoia Financial Advisors LLC Purchases 19,205 Shares of VICI Properties Inc. $VICI

Sequoia Financial Advisors LLC grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,454,150 shares of the company’s stock after buying an additional 19,205 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in VICI Properties were worth $47,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of VICI. Csenge Advisory Group purchased a new stake in VICI Properties during the third quarter valued at about $2,399,000. Campbell & CO Investment Adviser LLC raised its stake in shares of VICI Properties by 46.2% during the third quarter. Campbell & CO Investment Adviser LLC now owns 20,912 shares of the company’s stock worth $682,000 after acquiring an additional 6,611 shares in the last quarter. Versant Capital Management Inc grew its position in VICI Properties by 10.6% during the 3rd quarter. Versant Capital Management Inc now owns 8,383 shares of the company’s stock worth $273,000 after acquiring an additional 806 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of VICI Properties by 482.5% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 140,436 shares of the company’s stock worth $4,580,000 after purchasing an additional 116,325 shares during the period. Finally, Plan Group Financial LLC increased its stake in shares of VICI Properties by 22.3% during the third quarter. Plan Group Financial LLC now owns 64,362 shares of the company’s stock valued at $2,099,000 after buying an additional 11,754 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $28.98 on Friday. The firm’s 50 day simple moving average is $28.52 and its two-hundred day simple moving average is $31.04. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The company has a market capitalization of $30.97 billion, a P/E ratio of 11.06, a P/E/G ratio of 2.88 and a beta of 0.70. VICI Properties Inc. has a 1-year low of $27.48 and a 1-year high of $34.03.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.2%. VICI Properties’s dividend payout ratio is 68.70%.

Analysts Set New Price Targets

A number of research analysts have recently commented on VICI shares. Evercore ISI restated an “in-line” rating and issued a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a research report on Monday, January 5th. Mizuho dropped their target price on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.31.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.