1832 Asset Management L.P. Raises Position in VICI Properties Inc. $VICI

Key Points

• 1832 Asset Management L.P. increased its stake in VICI Properties Inc. by 9.8%, owning 768,210 shares valued at approximately $25.06 million.
• The company's quarterly earnings report showed earnings per share of $0.60, meeting analysts' expectations, with a year-over-year revenue increase of 4.6%.
• VICI Properties declared a quarterly dividend of $0.4325 per share, representing an annualized dividend yield of 5.2%.

1832 Asset Management L.P. increased its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 768,210 shares of the company's stock after purchasing an additional 68,637 shares during the period. 1832 Asset Management L.P. owned 0.07% of VICI Properties worth $25,059,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of VICI Properties by 756.8% during the fourth quarter. NewEdge Advisors LLC now owns 12,346 shares of the company's stock valued at $361,000 after purchasing an additional 10,905 shares during the last quarter. MML Investors Services LLC grew its stake in shares of VICI Properties by 16.0% in the fourth quarter. MML Investors Services LLC now owns 67,202 shares of the company's stock worth $1,963,000 after acquiring an additional 9,273 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of VICI Properties by 129.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,631 shares of the company's stock valued at $106,000 after acquiring an additional 2,046 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of VICI Properties by 2.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,588,843 shares of the company's stock worth $163,251,000 after purchasing an additional 149,292 shares during the last quarter. Finally, MGO One Seven LLC boosted its stake in VICI Properties by 9.3% in the 4th quarter. MGO One Seven LLC now owns 18,282 shares of the company's stock worth $534,000 after purchasing an additional 1,556 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VICI. Stifel Nicolaus lifted their target price on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. JMP Securities set a $35.00 target price on VICI Properties in a research note on Tuesday, July 22nd. Wells Fargo & Company upped their price target on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Scotiabank reissued an "outperform" rating on shares of VICI Properties in a research report on Thursday. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.55.

VICI Properties Price Performance

VICI Properties stock traded down $0.21 during mid-day trading on Thursday, hitting $33.54. The stock had a trading volume of 7,176,914 shares, compared to its average volume of 6,901,762. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29. 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 firm has a market capitalization of $35.77 billion, a P/E ratio of 12.85, a P/E/G ratio of 3.34 and a beta of 0.68. The firm's 50 day moving average is $32.99 and its 200 day moving average is $32.14.

VICI Properties (NYSE:VICI - Get Free Report) last announced 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 business had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. During the same period in the previous year, the business earned $0.57 earnings per share. The business's revenue was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, sell-side analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Wednesday, June 18th. VICI Properties's dividend payout ratio is currently 66.28%.

VICI Properties Profile

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.