Harvest Portfolios Group Inc. Has $4.18 Million Position in VICI Properties Inc. $VICI

Harvest Portfolios Group Inc. trimmed its position in VICI Properties Inc. (NYSE:VICI) by 7.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 128,316 shares of the company’s stock after selling 10,628 shares during the period. Harvest Portfolios Group Inc.’s holdings in VICI Properties were worth $4,183,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Chesley Taft & Associates LLC increased its position in VICI Properties by 3.6% in the second quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock worth $304,000 after purchasing an additional 324 shares during the period. Wright Investors Service Inc. lifted its position in VICI Properties by 0.4% during 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 period. Provident Investment Management Inc. boosted its stake in shares of 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. grew its position in shares of VICI Properties by 8.5% during the 1st quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company’s stock worth $150,000 after buying an additional 359 shares during the period. Finally, Leo Wealth LLC raised its stake in shares of VICI Properties by 5.7% during the second quarter. Leo Wealth LLC now owns 7,271 shares of the company’s stock worth $237,000 after buying an additional 391 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VICI shares. JPMorgan Chase & Co. raised their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Wells Fargo & Company raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Mizuho increased their target price on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. JMP Securities set a $35.00 target price on VICI Properties in a report on Tuesday, July 22nd. Finally, Evercore ISI decreased their target price on VICI Properties from $38.00 to $36.00 and set an “outperform” 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.69.

VICI Properties Price Performance

NYSE VICI opened at $29.78 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The stock has a market cap of $31.82 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 3.00 and a beta of 0.72. The business has a 50 day simple moving average of $31.85 and a 200 day simple moving average of $32.27. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.03.

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

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a dividend of $0.45 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.0%. VICI Properties’s dividend payout ratio is currently 68.70%.

VICI Properties 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.