152,503 Shares in VICI Properties Inc. $VICI Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 152,503 shares of the company’s stock, valued at approximately $4,972,000.

Other hedge funds have also added to or reduced their stakes in the company. D.A. Davidson & CO. raised its position in shares of VICI Properties by 85.3% in the 2nd quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock worth $669,000 after purchasing an additional 9,451 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in VICI Properties by 5.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock valued at $77,638,000 after purchasing an additional 122,796 shares during the last quarter. Prudential PLC increased its stake in VICI Properties by 2,890.2% during the 2nd quarter. Prudential PLC now owns 498,555 shares of the company’s stock valued at $16,253,000 after purchasing an additional 481,882 shares in the last quarter. Invesco Ltd. raised its holdings in VICI Properties by 7.0% in the second quarter. Invesco Ltd. now owns 14,436,449 shares of the company’s stock worth $470,628,000 after buying an additional 944,860 shares during the last quarter. Finally, State of Michigan Retirement System lifted its stake in shares of VICI Properties by 5.9% in the second quarter. State of Michigan Retirement System now owns 302,800 shares of the company’s stock worth $9,871,000 after buying an additional 16,800 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Performance

Shares of VICI opened at $28.65 on Monday. The firm has a market capitalization of $30.62 billion, a P/E ratio of 10.94, a PEG ratio of 2.85 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. VICI Properties Inc. has a one year low of $27.63 and a one year high of $34.03. The business has a fifty day moving average of $29.89 and a 200 day moving average of $31.76.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The business had revenue of $1.01 billion for 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 revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 17th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.3%. The ex-dividend date is Wednesday, December 17th. VICI Properties’s payout ratio is 68.70%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VICI. Mizuho raised their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Cantor Fitzgerald cut their target price on VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Barclays decreased their price target on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Scotiabank increased their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. lifted their price objective on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.71.

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.