Hohimer Wealth Management LLC raised its position in VICI Properties Inc. (NYSE:VICI – Free Report) by 31.8% in the 3rd quarter, Holdings Channel reports. The fund owned 155,063 shares of the company’s stock after acquiring an additional 37,394 shares during the period. Hohimer Wealth Management LLC’s holdings in VICI Properties were worth $3,562,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of VICI Properties during the second quarter worth about $3,433,817,000. State Street Corp lifted its position in VICI Properties by 4.5% in the second quarter. State Street Corp now owns 67,155,780 shares of the company’s stock valued at $1,812,259,000 after purchasing an additional 2,920,133 shares during the period. Allianz Asset Management GmbH lifted its position in VICI Properties by 1.8% in the second quarter. Allianz Asset Management GmbH now owns 31,527,182 shares of the company’s stock valued at $837,047,000 after purchasing an additional 566,922 shares during the period. Bank of America Corp DE purchased a new stake in VICI Properties in the 2nd quarter valued at approximately $778,709,000. Finally, Dimensional Fund Advisors LP boosted its holdings in VICI Properties by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 15,457,602 shares of the company’s stock valued at $422,294,000 after purchasing an additional 344,355 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.
VICI Properties Stock Performance
VICI Properties stock opened at $24.80 on Monday. The firm has a market capitalization of $27.30 billion, a P/E ratio of 11.38, a PEG ratio of 1.98 and a beta of 0.64. The stock has a fifty day moving average price of $24.02 and a 200 day moving average price of $26.87. VICI Properties Inc. has a 52 week low of $22.42 and a 52 week high of $30.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.57.
VICI Properties (NYSE:VICI – Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.41). VICI Properties had a return on equity of 8.10% and a net margin of 56.46%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company posted $0.60 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts anticipate that VICI Properties Inc. will post 2.47 earnings per share for the current year.
VICI Properties Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 7.4%. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, September 17th. VICI Properties’s dividend payout ratio (DPR) is presently 84.40%.
VICI Properties News Summary
Here are the key news stories impacting VICI Properties this week:
- Positive Sentiment: A Motley Fool article points to VICI’s long-term leases, full occupancy and an estimated 7.3% forward dividend yield as reasons investors may find the REIT attractive. Article: If I Could Put $10,000 Into Just 1 Dividend Grower in November
- Positive Sentiment: Coverage of a $2 billion buyback raises the prospect of another source of shareholder returns, though the headline frames it as an investment opportunity rather than providing details on timing or execution. Article: VICI’s $2 billion buyback: A massive buying opportunity?
- Neutral Sentiment: Citigroup and Cantor Fitzgerald maintained Buy ratings, signaling continued optimism, but both lowered their price targets. Article: Citi Sticks to Its Buy Rating for VICI Properties Article: Cantor Fitzgerald Sticks to Its Buy Rating for VICI Properties
- Negative Sentiment: Citigroup cut its target to $30 from $36, while keeping its Buy rating; Cantor Fitzgerald also reduced its target. The lower expectations may weigh on sentiment, although Citi’s new target still implies potential upside from the cited $24.80 share price. Article: VICI Properties Stock Price Target Lowered at Citigroup Article: VICI Properties Stock Price Target Cut by Cantor Fitzgerald
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on VICI shares. Cantor Fitzgerald dropped their target price on VICI Properties from $32.00 to $29.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 4th. Mizuho dropped their price objective on VICI Properties from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, September 2nd. Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a research note on Friday, July 31st. Finally, Weiss Ratings lowered shares of VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, September 9th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.46.
Check Out Our Latest Stock Report on VICI Properties
VICI Properties Profile
VICI Properties Inc is a real estate investment trust that owns experiential properties, with a portfolio focused primarily on casinos and other gaming-related destinations. Its properties include gaming facilities, hotels, restaurants and entertainment venues.
The company leases its properties to operators under long-term agreements, generally structured as triple-net leases, in which tenants are responsible for expenses such as property taxes, insurance and maintenance. VICI also owns golf courses and other leisure-related properties.
VICI was established in 2017 as part of Caesars Entertainment’s restructuring and became an independent, publicly traded company in 2018.
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