Strs Ohio Buys New Shares in VICI Properties Inc. $VICI

Key Points

• Strs Ohio has purchased 1,351,450 shares of VICI Properties Inc., valued at approximately $44 million, marking the firm's entry into the company during the first quarter.
• VICI Properties reported a net margin of 70.20% and a revenue of $1 billion for the quarter, with earnings per share meeting consensus estimates at $0.60.
• The company has increased its quarterly dividend from $0.43 to $0.45, providing an annualized yield of 5.4%, with the ex-dividend date set for September 18th.

Strs Ohio bought a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,351,450 shares of the company's stock, valued at approximately $44,084,000. Strs Ohio owned 0.13% of VICI Properties at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC boosted its holdings in shares of VICI Properties by 383.3% in the first quarter. Acadian Asset Management LLC now owns 56,941 shares of the company's stock valued at $1,856,000 after purchasing an additional 45,160 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of VICI Properties by 131.1% in the first quarter. Geneos Wealth Management Inc. now owns 4,591 shares of the company's stock valued at $150,000 after purchasing an additional 2,604 shares during the period. Focus Partners Wealth boosted its holdings in shares of VICI Properties by 145.9% in the first quarter. Focus Partners Wealth now owns 584,945 shares of the company's stock valued at $19,081,000 after purchasing an additional 347,109 shares during the period. Integrity Alliance LLC. purchased a new stake in shares of VICI Properties in the first quarter valued at approximately $227,000. Finally, Plato Investment Management Ltd boosted its holdings in shares of VICI Properties by 16.7% in the first quarter. Plato Investment Management Ltd now owns 40,926 shares of the company's stock valued at $1,349,000 after purchasing an additional 5,860 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 0.0%

Shares of VICI traded up $0.01 during midday trading on Friday, hitting $33.16. 5,161,403 shares of the company's stock traded hands, compared to its average volume of 7,779,751. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The firm's fifty day moving average is $33.15 and its 200-day moving average is $32.37. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $35.36 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 3.31 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. During the same quarter in the prior year, the business posted $0.57 EPS. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, September 18th. This represents a $1.80 annualized dividend and a dividend yield of 5.4%. This is a boost from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's dividend payout ratio (DPR) is currently 66.28%.

Analyst Ratings Changes

VICI has been the subject of a number of research reports. Scotiabank boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Morgan Stanley upped their target price on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Mizuho upped their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday. Wells Fargo & Company upped their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Finally, JMP Securities set a $35.00 target price on VICI Properties in a report on Tuesday, July 22nd. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.83.

About VICI Properties

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.