Correct Capital Wealth Management Acquires 2,221 Shares of VICI Properties Inc. $VICI

Correct Capital Wealth Management grew its stake in VICI Properties Inc. (NYSE:VICI) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,403 shares of the company’s stock after acquiring an additional 2,221 shares during the period. Correct Capital Wealth Management’s holdings in VICI Properties were worth $1,904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VICI. Hantz Financial Services Inc. raised its holdings in VICI Properties by 489.2% during the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after acquiring an additional 724 shares in the last quarter. Hoey Investments Inc. acquired a new position in shares of VICI Properties during the 2nd quarter worth approximately $33,000. Avalon Trust Co bought a new stake in shares of VICI Properties during the 1st quarter worth approximately $35,000. Bell Investment Advisors Inc boosted its holdings in shares of VICI Properties by 32.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after buying an additional 351 shares during the last quarter. Finally, Kestra Investment Management LLC grew its stake in shares of VICI Properties by 55.5% in the first quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock valued at $58,000 after buying an additional 634 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VICI. Mizuho upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Wells Fargo & Company restated an “equal weight” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. JPMorgan Chase & Co. raised their target price 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. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, November 19th. Finally, Evercore ISI dropped their price objective on VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.38.

VICI Properties Stock Down 0.0%

Shares of VICI opened at $28.71 on Wednesday. The firm has a market cap of $30.69 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 2.86 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.03. The firm’s 50-day simple moving average is $30.92 and its 200 day simple moving average is $32.06.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the business earned $0.57 EPS. The company’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. On average, analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were paid 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 6.3%. VICI Properties’s dividend payout ratio is 68.70%.

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.