HBK Sorce Advisory LLC Takes $896,000 Position in VICI Properties Inc. $VICI

HBK Sorce Advisory LLC purchased a new position in VICI Properties Inc. (NYSE:VICI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 28,492 shares of the company’s stock, valued at approximately $896,000.

Several other institutional investors also recently bought and sold shares of VICI. State of Wyoming bought a new stake in VICI Properties during the 2nd quarter valued at about $26,000. Parvin Asset Management LLC purchased a new position in shares of VICI Properties during the second quarter valued at approximately $27,000. Hantz Financial Services Inc. lifted its holdings in shares of VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after buying an additional 724 shares during the period. Headlands Technologies LLC bought a new position in VICI Properties in the second quarter valued at about $28,000. Finally, Hoey Investments Inc. bought a new position in shares of VICI Properties in the 2nd quarter worth approximately $33,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

NYSE VICI opened at $28.28 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. VICI Properties Inc. has a 1-year low of $27.56 and a 1-year high of $34.03. The business has a 50 day simple moving average of $29.19 and a two-hundred day simple moving average of $31.46. The stock has a market capitalization of $30.22 billion, a PE ratio of 10.79, a P/E/G ratio of 2.80 and a beta of 0.70.

VICI Properties (NYSE:VICI) last posted 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. 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 the consensus estimate of $1 billion. During the same period in the prior year, the company 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, research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

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 $0.45 dividend. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.4%. VICI Properties’s payout ratio is 68.70%.

Analysts Set New Price Targets

Several research firms recently weighed in on VICI. Stifel Nicolaus lowered their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Cantor Fitzgerald decreased their price target on VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Evercore ISI reaffirmed an “in-line” rating and issued a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Wells Fargo & Company reiterated an “equal weight” rating and set a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Finally, Mizuho lowered their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.36.

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.