Aberdeen Group plc Acquires 387,723 Shares of VICI Properties Inc. $VICI

Key Points

• Aberdeen Group plc increased its holdings in VICI Properties Inc. by 54.8% in Q1, now owning 1,094,751 shares worth approximately $35.52 million.
• Institutional investors collectively own 97.71% of VICI Properties, with several significant funds such as Capital Research and Northern Trust Corp also increasing their stakes.
• VICI Properties reported a net margin of 70.20% and a quarterly dividend yield of 5.3%, with a recent earnings per share of $0.60, meeting analysts' expectations.

Aberdeen Group plc raised its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 54.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,094,751 shares of the company's stock after acquiring an additional 387,723 shares during the quarter. Aberdeen Group plc owned approximately 0.10% of VICI Properties worth $35,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Horizon Investments LLC boosted its stake in shares of VICI Properties by 5.7% during the 1st quarter. Horizon Investments LLC now owns 15,186 shares of the company's stock worth $495,000 after acquiring an additional 813 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in shares of VICI Properties by 442.2% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 79,716 shares of the company's stock worth $2,600,000 after acquiring an additional 65,015 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of VICI Properties by 5.5% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,842 shares of the company's stock worth $973,000 after acquiring an additional 1,564 shares during the last quarter. National Pension Service boosted its stake in shares of VICI Properties by 6.8% during the 1st quarter. National Pension Service now owns 2,023,906 shares of the company's stock worth $66,020,000 after acquiring an additional 129,719 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of VICI Properties by 37.2% during the 1st quarter. Russell Investments Group Ltd. now owns 4,006,380 shares of the company's stock worth $130,688,000 after acquiring an additional 1,087,111 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

NYSE VICI traded up $0.0550 on Thursday, reaching $33.0250. The company had a trading volume of 8,425,270 shares, compared to its average volume of 6,819,142. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $35.22 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 3.25 and a beta of 0.68. The firm's 50 day moving average price is $32.87 and its 200 day moving average price is $32.02. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.29.

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

VICI Properties Announces Dividend

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

Analysts Set New Price Targets

VICI has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Stifel Nicolaus raised their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Robert W. Baird raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.40.

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.