American Century Companies Inc. Grows Stock Position in VICI Properties Inc. $VICI

Key Points

• American Century Companies Inc. significantly increased its stake in VICI Properties Inc. by 81.6%, acquiring an additional 3,707,396 shares, bringing its total holdings to 8,252,528 shares.
• VICI Properties reported a quarterly earnings per share of $0.60, matching analyst estimates, and revenue of $1 billion, surpassing expectations of $991.59 million.
• The company recently announced a quarterly dividend of $0.4325 per share, translating to an annualized yield of 5.3%, with a payout ratio of 66.28%.

American Century Companies Inc. grew its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 81.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,252,528 shares of the company's stock after purchasing an additional 3,707,396 shares during the quarter. American Century Companies Inc. owned 0.78% of VICI Properties worth $269,197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Transce3nd LLC purchased a new position in shares of VICI Properties in the fourth quarter valued at approximately $28,000. Wayfinding Financial LLC acquired a new stake in VICI Properties in the first quarter valued at approximately $29,000. CoreCap Advisors LLC raised its holdings in VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after acquiring an additional 1,000 shares in the last quarter. Quarry LP raised its holdings in VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after acquiring an additional 897 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after acquiring an additional 786 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on VICI. Stifel Nicolaus raised their target price on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 31st. JMP Securities set a $35.00 price objective on shares of VICI Properties in a report on Tuesday, July 22nd. Robert W. Baird raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, Truist Financial raised their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.40.

VICI Properties Stock Performance

Shares of VICI Properties stock traded up $0.2990 during trading on Tuesday, reaching $32.4990. The company's stock had a trading volume of 9,385,484 shares, compared to its average volume of 6,795,975. The company has a 50-day moving average price of $32.86 and a two-hundred day moving average price of $32.01. The firm has a market cap of $34.66 billion, a PE ratio of 12.45, a P/E/G ratio of 3.25 and a beta of 0.68. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week 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.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $1 billion for the quarter, compared to analysts' expectations 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 was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's payout ratio is currently 66.28%.

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.