Allspring Global Investments Holdings LLC Raises Stock Holdings in VICI Properties Inc. $VICI

Key Points

• Allspring Global Investments Holdings LLC increased its stake in VICI Properties by 1.5%, owning approximately 0.06% of the company worth $22.14 million after acquiring 10,223 additional shares in the 2nd quarter.
• VICI Properties declared a quarterly dividend of $0.45 per share, marking an increase from the previous quarterly dividend and resulting in an annualized dividend yield of 5.9%.
• The company reported earnings of $0.60 per share for the last quarter, matching analyst expectations and showing a 4.6% increase in revenue compared to the same quarter last year.

Allspring Global Investments Holdings LLC boosted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 671,335 shares of the company's stock after buying an additional 10,223 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of VICI Properties worth $22,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VICI. Wayfinding Financial LLC purchased a new stake in VICI Properties during the 1st quarter valued at $29,000. Hoey Investments Inc. purchased a new stake in VICI Properties during the 2nd quarter valued at $33,000. Avalon Trust Co purchased a new stake in VICI Properties during the 1st quarter valued at $35,000. Investment Management Corp VA ADV raised its holdings in VICI Properties by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock valued at $37,000 after buying an additional 709 shares during the period. Finally, Kestra Investment Management LLC raised its holdings in VICI Properties by 55.5% during the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company's stock valued at $58,000 after buying an additional 634 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

VICI opened at $30.73 on Friday. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03. 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 business's fifty day simple moving average is $32.59 and its 200-day simple moving average is $32.33. The company has a market capitalization of $32.77 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 3.12 and a beta of 0.72.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly 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. 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 quarter in the prior year, the company earned $0.57 EPS. The business's revenue 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. On average, equities research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, September 18th. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's dividend payout ratio is currently 68.97%.

Analyst Ratings Changes

Several research firms recently weighed in on VICI. Weiss Ratings restated a "buy (b-)" rating on shares of VICI Properties in a report on Wednesday, October 8th. Stifel Nicolaus increased their price target on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Scotiabank increased their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. JMP Securities set a $35.00 target price on VICI Properties in a research note on Tuesday, July 22nd. Finally, Evercore ISI increased their target price on VICI Properties from $37.00 to $38.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.00.

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.

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