Amundi Buys 1,344,994 Shares of VICI Properties Inc. $VICI

Key Points

• Amundi increased its VICI Properties stake by 21.1% in the second quarter, purchasing 1.34 million shares for a total holding of 7.73 million shares valued at approximately $205.2 million. Institutional investors collectively own 97.71% of the REIT.
• VICI reported quarterly revenue of $1.06 billion, up 5.7% year over year, but earnings per share of $0.62 fell short of the $0.71 consensus estimate. Shares recently traded near $25.27, close to their 52-week low.
• VICI raised its quarterly dividend to $0.46 from $0.45, implying an annualized payout of $1.84 and a yield of about 7.3%. Analysts maintain an overall “Hold” rating, with an average price target of $31.

Amundi lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 21.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,728,135 shares of the company's stock after purchasing an additional 1,344,994 shares during the period. Amundi owned 0.70% of VICI Properties worth $205,182,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VICI. BlackRock Inc. bought a new stake in VICI Properties in the 2nd quarter valued at about $3,433,817,000. State Street Corp increased its position in shares of VICI Properties by 1.7% during the fourth quarter. State Street Corp now owns 63,619,919 shares of the company's stock valued at $1,817,165,000 after buying an additional 1,080,992 shares during the period. California State Teachers Retirement System increased its position in shares of VICI Properties by 2,482.5% during the second quarter. California State Teachers Retirement System now owns 47,561,405 shares of the company's stock valued at $1,262,755,000 after buying an additional 45,719,695 shares during the period. Geode Capital Management LLC lifted its holdings in shares of VICI Properties by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company's stock worth $1,030,716,000 after buying an additional 1,037,345 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of VICI Properties by 8.2% in the fourth quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company's stock worth $851,821,000 after buying an additional 2,305,719 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $25.27 on Wednesday. The stock has a market cap of $27.82 billion, a price-to-earnings ratio of 9.79 and a beta of 0.65. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. VICI Properties Inc. has a 1-year low of $25.23 and a 1-year high of $33.38. The stock's 50-day moving average is $26.33 and its 200 day moving average is $27.56.

VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the prior year, the company earned $0.60 EPS. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be given a $0.46 dividend. The ex-dividend date is Thursday, September 17th. This is an increase from VICI Properties's previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 7.3%. VICI Properties's dividend payout ratio is presently 69.77%.

Analyst Upgrades and Downgrades

VICI has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of VICI Properties in a research note on Wednesday, June 24th. Mizuho lowered their target price on shares of VICI Properties from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 2nd. Raymond James Financial set a $29.00 price target on shares of VICI Properties in a report on Thursday, August 13th. Wells Fargo & Company cut their price objective on VICI Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Tuesday, September 1st. Finally, Royal Bank Of Canada started coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $31.00.

VICI Properties Profile

VICI Properties NYSE: VICI is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company's portfolio is concentrated in major U.S.

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