Tectonic Advisors LLC Acquires 31,923 Shares of VICI Properties Inc. $VICI

Tectonic Advisors LLC lifted its stake in VICI Properties Inc. (NYSE:VICI) by 10.9% during the third quarter, HoldingsChannel.com reports. The firm owned 323,718 shares of the company’s stock after purchasing an additional 31,923 shares during the quarter. Tectonic Advisors LLC’s holdings in VICI Properties were worth $10,556,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. D.A. Davidson & CO. boosted its holdings in VICI Properties by 85.3% in the second quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock worth $669,000 after acquiring an additional 9,451 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of VICI Properties by 5.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock valued at $77,638,000 after acquiring an additional 122,796 shares in the last quarter. Swedbank AB raised its position in shares of VICI Properties by 4.0% in the 3rd quarter. Swedbank AB now owns 4,874,730 shares of the company’s stock worth $158,965,000 after purchasing an additional 188,690 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in VICI Properties in the 2nd quarter worth about $4,972,000. Finally, Prudential PLC grew its position in VICI Properties by 2,890.2% during the 2nd quarter. Prudential PLC now owns 498,555 shares of the company’s stock valued at $16,253,000 after purchasing an additional 481,882 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI opened at $28.13 on Friday. The company’s 50 day moving average is $29.00 and its 200 day moving average is $31.39. 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 company has a market cap of $30.07 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 2.80 and a beta of 0.70. VICI Properties Inc. has a 12-month low of $27.56 and a 12-month high of $34.03.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results 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. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, equities research analysts predict 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 will be paid on Thursday, January 8th. Investors of record on Wednesday, December 17th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 annualized dividend and a yield of 6.4%. VICI Properties’s payout ratio is 68.70%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Stifel Nicolaus lowered their price objective 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. JPMorgan Chase & Co. raised their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Mizuho cut their target price on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $34.46.

VICI Properties Profile

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.