Genus Capital Management Inc. Acquires 46,990 Shares of VICI Properties Inc. $VICI

Genus Capital Management Inc. increased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 23.7% during the second quarter, HoldingsChannel reports. The firm owned 244,890 shares of the company’s stock after buying an additional 46,990 shares during the period. Genus Capital Management Inc.’s holdings in VICI Properties were worth $7,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hantz Financial Services Inc. lifted its holdings in VICI Properties by 489.2% in the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after acquiring an additional 724 shares during the period. Wayfinding Financial LLC bought a new position in VICI Properties in the first quarter valued at about $29,000. Hoey Investments Inc. bought a new position in VICI Properties in the second quarter valued at about $33,000. Avalon Trust Co bought a new position in VICI Properties in the first quarter valued at about $35,000. Finally, Investment Management Corp VA ADV lifted its holdings in VICI Properties by 171.3% in the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after acquiring an additional 709 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Performance

Shares of VICI opened at $30.24 on Wednesday. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The business has a 50-day simple moving average of $32.00 and a two-hundred day simple moving average of $32.30. The stock has a market cap of $32.32 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 3.00 and a beta of 0.72. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.03.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were given a dividend of $0.45 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VICI shares. Evercore ISI lowered their target price on VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Mizuho increased their target price on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Scotiabank increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Finally, Stifel Nicolaus reduced their price target on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.85.

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.