Synergy Asset Management LLC Sells 9,917 Shares of VICI Properties Inc. $VICI

Synergy Asset Management LLC lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 21.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,691 shares of the company’s stock after selling 9,917 shares during the quarter. Synergy Asset Management LLC’s holdings in VICI Properties were worth $1,164,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Chesley Taft & Associates LLC lifted its position in shares of VICI Properties by 3.6% during the 2nd quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock worth $304,000 after buying an additional 324 shares during the period. Wright Investors Service Inc. raised its position in VICI Properties by 0.4% in the 2nd 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 last quarter. Provident Investment Management Inc. raised its position in VICI Properties by 1.5% in the 1st 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 last quarter. Cullen Frost Bankers Inc. raised its position in VICI Properties by 8.5% in the 1st 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 last quarter. Finally, Moran Wealth Management LLC raised its position in VICI Properties by 0.9% in the 1st 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 last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VICI has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Scotiabank lifted 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. Stifel Nicolaus lifted their price objective on VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Mizuho lifted their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Finally, JPMorgan Chase & Co. lifted their price objective on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Twelve equities research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $32.75 on Friday. The stock has a market capitalization of $34.92 billion, a P/E ratio of 12.55, a P/E/G ratio of 3.28 and a beta of 0.72. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.03. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $32.92 and a two-hundred day moving average price of $32.37.

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, hitting the consensus estimate of $0.60. The firm 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 company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 5.5%. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio (DPR) is presently 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.