Valeo Financial Advisors LLC Makes New $4.97 Million Investment in VICI Properties Inc. $VICI

Valeo Financial Advisors LLC bought a new position in shares of VICI Properties Inc. (NYSE:VICI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 152,503 shares of the company’s stock, valued at approximately $4,972,000.

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

VICI Properties Trading Up 1.9%

NYSE:VICI opened at $28.65 on Monday. The company has a 50-day moving average price of $29.89 and a 200-day moving average price of $31.76. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The stock has a market cap of $30.62 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 2.85 and a beta of 0.70. VICI Properties Inc. has a 12 month low of $27.63 and a 12 month high of $34.03.

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. 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 during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The business’s 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. Equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have commented on VICI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of VICI Properties in a report on Monday, December 1st. Mizuho lifted their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Wells Fargo & Company restated an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Evercore ISI restated an “in-line” rating and set a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Finally, Stifel Nicolaus reduced their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.71.

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.