Bogart Wealth LLC Grows Stake in VICI Properties Inc. $VICI

Bogart Wealth LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,519 shares of the company’s stock after acquiring an additional 7,942 shares during the quarter. Bogart Wealth LLC’s holdings in VICI Properties were worth $7,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH boosted its stake in VICI Properties by 7.5% in the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock valued at $816,617,000 after acquiring an additional 1,755,385 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of VICI Properties by 205.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock valued at $556,077,000 after buying an additional 11,458,239 shares in the last quarter. Northern Trust Corp lifted its stake in shares of VICI Properties by 13.2% during the 1st quarter. Northern Trust Corp now owns 13,743,229 shares of the company’s stock valued at $448,304,000 after buying an additional 1,606,559 shares in the last quarter. Invesco Ltd. lifted its stake in shares of VICI Properties by 0.6% during the 1st quarter. Invesco Ltd. now owns 13,491,589 shares of the company’s stock valued at $440,096,000 after buying an additional 77,544 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of VICI Properties by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company’s stock valued at $402,700,000 after buying an additional 135,836 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of VICI Properties in a research note on Wednesday, October 8th. Morgan Stanley upped their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Scotiabank upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Evercore ISI upped their price target on shares of VICI Properties from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Finally, Wells Fargo & Company upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

VICI Properties Trading Up 0.5%

Shares of VICI stock opened at $30.89 on Monday. 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 business has a 50-day moving average of $32.55 and a 200 day moving average of $32.32. The stock has a market capitalization of $32.94 billion, a PE ratio of 11.84, a P/E/G ratio of 3.07 and a beta of 0.72.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 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 9th. Investors of record on Thursday, September 18th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 5.8%. 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.