AG2R LA Mondiale Gestion D Actifs Takes Position in VICI Properties Inc. $VICI

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in VICI Properties Inc., purchasing 47,956 shares valued at approximately $1.5 million.
• VICI Properties recently announced a quarterly dividend increase to $0.45 per share, a boost from the previous $0.43, resulting in an annualized dividend yield of 5.4%.
• Research analysts have upgraded their price targets for VICI Properties, with a consensus rating of "Moderate Buy" and an average price target of $35.83.

AG2R LA Mondiale Gestion D Actifs bought a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 47,956 shares of the company's stock, valued at approximately $1,521,000.

A number of other large investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its holdings in shares of VICI Properties by 205.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company's stock valued at $556,077,000 after purchasing an additional 11,458,239 shares during the period. Northern Trust Corp increased its holdings in shares of VICI Properties by 13.2% in the 1st quarter. Northern Trust Corp now owns 13,743,229 shares of the company's stock valued at $448,304,000 after purchasing an additional 1,606,559 shares during the period. Invesco Ltd. increased its holdings in shares of VICI Properties by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,491,589 shares of the company's stock valued at $440,096,000 after purchasing an additional 77,544 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in VICI Properties by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company's stock worth $402,700,000 after buying an additional 135,836 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in VICI Properties by 12.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,875,084 shares of the company's stock worth $322,125,000 after buying an additional 1,122,161 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Up 0.0%

Shares of VICI Properties stock opened at $33.16 on Friday. The stock has a market capitalization of $35.36 billion, a P/E ratio of 12.71, a PEG ratio of 3.31 and a beta of 0.70. 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 50 day moving average price of $33.15 and a two-hundred day moving average price of $32.37. 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 earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The company's revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities analysts expect 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 given a $0.45 dividend. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties's dividend payout ratio (DPR) is currently 68.97%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VICI. Morgan Stanley increased their price objective on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Stifel Nicolaus increased their price objective on 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 price objective on VICI Properties in a report on Tuesday, July 22nd. Mizuho increased their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Scotiabank increased their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Eleven research 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.com, VICI Properties currently has a consensus rating of "Moderate Buy" and an average price target of $35.83.

VICI Properties Company 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.

Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.