Chevy Chase Trust Holdings LLC Boosts Stake in VICI Properties Inc. $VICI

Chevy Chase Trust Holdings LLC raised its holdings in VICI Properties Inc. (NYSE:VICI) by 1.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 558,469 shares of the company’s stock after purchasing an additional 5,602 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of VICI Properties worth $18,206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Chesley Taft & Associates LLC raised its position in VICI Properties by 3.6% in the second quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock valued at $304,000 after purchasing an additional 324 shares during the period. Wright Investors Service Inc. raised its position in VICI Properties by 0.4% in the second quarter. Wright Investors Service Inc. now owns 74,517 shares of the company’s stock valued at $2,429,000 after purchasing an additional 330 shares during the period. Provident Investment Management Inc. raised its position in VICI Properties by 1.5% in the first quarter. Provident Investment Management Inc. now owns 23,785 shares of the company’s stock valued at $776,000 after purchasing an additional 350 shares during the period. Cullen Frost Bankers Inc. raised its position in VICI Properties by 8.5% in the first quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company’s stock valued at $150,000 after purchasing an additional 359 shares during the period. Finally, Moran Wealth Management LLC raised its position in VICI Properties by 0.9% in the first quarter. Moran Wealth Management LLC now owns 40,578 shares of the company’s stock valued at $1,324,000 after purchasing an additional 360 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on VICI. Citigroup restated a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Scotiabank boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. JMP Securities set a $35.00 price objective on VICI Properties in a report on Tuesday, July 22nd. Cantor Fitzgerald assumed coverage on VICI Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $37.00 price objective on the stock. Finally, Mizuho boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.00.

VICI Properties Price Performance

Shares of NYSE VICI opened at $30.89 on Friday. The stock’s 50-day moving average is $32.55 and its two-hundred day moving average is $32.32. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.03. The company has a market cap of $32.94 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 3.07 and a beta of 0.72.

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

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 18th. 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. VICI Properties’s payout ratio is currently 68.97%.

About VICI Properties

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.