WESPAC Advisors LLC Takes Position in VICI Properties Inc. $VICI

WESPAC Advisors LLC purchased a new position in VICI Properties Inc. (NYSE:VICI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 24,206 shares of the company’s stock, valued at approximately $789,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Chesley Taft & Associates LLC lifted its stake in VICI Properties by 3.6% during the second quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock valued at $304,000 after buying an additional 324 shares in the last quarter. Wright Investors Service Inc. lifted its position in shares of 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 acquiring an additional 330 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in VICI Properties by 3.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 10,404 shares of the company’s stock worth $339,000 after purchasing an additional 337 shares during the period. Heritage Wealth Advisors grew its position in VICI Properties by 18.9% during the 2nd quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock worth $72,000 after purchasing an additional 350 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its stake in VICI Properties by 32.7% during the 2nd quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after purchasing an additional 351 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

Shares of VICI stock opened at $27.81 on Wednesday. VICI Properties Inc. has a 12 month low of $27.48 and a 12 month high of $34.03. The company has a market capitalization of $29.72 billion, a P/E ratio of 10.61, a P/E/G ratio of 2.77 and a beta of 0.70. The stock has a 50 day moving average of $28.62 and a two-hundred day moving average of $31.12. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60.

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

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.5%. VICI Properties’s dividend payout ratio is presently 68.70%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on VICI shares. Wells Fargo & Company reiterated an “equal weight” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. The Goldman Sachs Group dropped their target price on VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Barclays cut their target price on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Stifel Nicolaus cut their price objective on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Evercore ISI reissued 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. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.31.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.