Signature Estate & Investment Advisors LLC Has $314,000 Stock Holdings in VICI Properties Inc. $VICI

Signature Estate & Investment Advisors LLC lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 8.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 9,635 shares of the company’s stock after selling 845 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in VICI Properties were worth $314,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of VICI Properties during the 1st quarter worth about $29,000. Hoey Investments Inc. acquired a new stake in shares of VICI Properties during the 2nd quarter worth about $33,000. Avalon Trust Co acquired a new stake in shares of VICI Properties during the 1st quarter worth about $35,000. Investment Management Corp VA ADV raised its stake 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 worth $37,000 after purchasing an additional 709 shares in the last quarter. Finally, Kestra Investment Management LLC raised its stake in VICI Properties by 55.5% in the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after purchasing an additional 634 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Up 1.1%

Shares of NYSE VICI opened at $31.20 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.03. The firm has a 50 day moving average price of $32.52 and a two-hundred day moving average price of $32.32. The stock has a market cap of $33.27 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 3.07 and a beta of 0.72.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (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 firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.59 million. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

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

Analysts Set New Price Targets

VICI has been the subject of several analyst reports. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research note on Tuesday, July 22nd. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Scotiabank raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Wells Fargo & Company raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Finally, Mizuho lifted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.08.

VICI Properties Company 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.