Concurrent Investment Advisors LLC Buys 10,550 Shares of VICI Properties Inc. $VICI

Concurrent Investment Advisors LLC raised its holdings in VICI Properties Inc. (NYSE:VICI) by 16.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,310 shares of the company’s stock after buying an additional 10,550 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in VICI Properties were worth $2,390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in VICI Properties in the 1st quarter valued at $29,000. Hoey Investments Inc. bought a new stake in VICI Properties in the 2nd quarter valued at $33,000. Avalon Trust Co bought a new stake in VICI Properties in the 1st quarter valued at $35,000. Investment Management Corp VA ADV increased its holdings 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 valued at $37,000 after buying an additional 709 shares during the period. Finally, Kestra Investment Management LLC increased 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 buying an additional 634 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.7%

Shares of NYSE VICI opened at $31.13 on Wednesday. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The firm’s 50-day simple moving average is $32.67 and its 200 day simple moving average is $32.35. The company has a market cap of $33.19 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $991.59 million. During the same period in the prior year, the firm earned $0.57 earnings per share. VICI Properties’s revenue was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. JMP Securities set a $35.00 target price on shares of VICI Properties in a report on Tuesday, July 22nd. Scotiabank upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, Evercore ISI upped their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

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.