Simon Quick Advisors LLC Buys 32,899 Shares of VICI Properties Inc. $VICI

Simon Quick Advisors LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICIFree Report) by 67.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,874 shares of the company’s stock after purchasing an additional 32,899 shares during the period. Simon Quick Advisors LLC’s holdings in VICI Properties were worth $2,237,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of VICI. Corrado Advisors LLC grew its holdings in VICI Properties by 0.8% during the first quarter. Corrado Advisors LLC now owns 50,301 shares of the company’s stock valued at $1,374,000 after purchasing an additional 393 shares during the period. Farther Finance Advisors LLC raised its stake in shares of VICI Properties by 2.9% in the fourth quarter. Farther Finance Advisors LLC now owns 15,328 shares of the company’s stock valued at $431,000 after buying an additional 434 shares during the period. West Paces Advisors Inc. raised its stake in shares of VICI Properties by 2.4% in the fourth quarter. West Paces Advisors Inc. now owns 18,226 shares of the company’s stock valued at $513,000 after buying an additional 435 shares during the period. Brookstone Capital Management raised its stake in shares of VICI Properties by 6.6% in the fourth quarter. Brookstone Capital Management now owns 7,186 shares of the company’s stock valued at $202,000 after buying an additional 444 shares during the period. Finally, Beacon Investment Advisors LLC lifted its position in shares of VICI Properties by 3.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company’s stock valued at $393,000 after buying an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the subject of several research reports. Royal Bank Of Canada began coverage on VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a research note on Monday, May 4th. Barclays upped their price objective on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Wells Fargo & Company reduced their target price on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $32.21.

Check Out Our Latest Analysis on VICI

VICI Properties Price Performance

VICI Properties stock opened at $26.88 on Friday. VICI Properties Inc. has a one year low of $25.82 and a one year high of $34.01. The business has a fifty day moving average price of $27.44 and a 200-day moving average price of $28.15. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. The firm has a market capitalization of $28.74 billion, a P/E ratio of 9.21 and a beta of 0.65.

VICI Properties (NYSE:VICIGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company posted $0.58 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s payout ratio is presently 61.64%.

VICI Properties Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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