Insigneo Advisory Services LLC Buys 2,692 Shares of VICI Properties Inc. $VICI

by · The Cerbat Gem

Insigneo Advisory Services LLC raised its position in VICI Properties Inc. (NYSE:VICI – Free Report) by 16.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,058 shares of the company’s stock after acquiring an additional 2,692 shares during the period. Insigneo Advisory Services LLC’s holdings in VICI Properties were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in VICI Properties by 205.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after acquiring an additional 11,458,239 shares in the last quarter. Nuveen LLC purchased a new position in shares of VICI Properties in the 1st quarter valued at approximately $320,179,000. Deutsche Bank AG boosted its stake in VICI Properties by 172.4% in the 1st quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock worth $241,229,000 after purchasing an additional 4,680,136 shares in the last quarter. American Century Companies Inc. increased its stake in VICI Properties by 81.6% during the 1st quarter. American Century Companies Inc. now owns 8,252,528 shares of the company’s stock valued at $269,197,000 after purchasing an additional 3,707,396 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of VICI Properties in the second quarter worth $110,366,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VICI has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, November 19th. 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 report on Friday, October 31st. Scotiabank raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Stifel Nicolaus reduced their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. increased their price target on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.38.

View Our Latest Stock Report on VICI

VICI Properties Price Performance

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

VICI Properties (NYSE:VICI – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $1.01 billion for 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $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 fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were paid a dividend of $0.45 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s dividend payout ratio is presently 68.70%.

About VICI Properties

(Free Report)

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.

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