Amundi Sells 694,671 Shares of VICI Properties Inc. $VICI

Key Points

• Amundi reduced its ownership of VICI Properties Inc. by 21.6%, selling 694,671 shares and retaining 2,521,297 shares, valued at approximately $79.8 million.
• VICI Properties recently announced a quarterly dividend increase to $0.45 per share, reflecting a yield of 5.4% for shareholders of record on September 18th.
• The company's stock is currently trading at $33.60, with analysts giving it a consensus rating of "Moderate Buy" and an average price target of $35.55.

Amundi lowered its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 21.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,521,297 shares of the company's stock after selling 694,671 shares during the quarter. Amundi owned about 0.24% of VICI Properties worth $79,824,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blackhawk Capital Partners LLC. raised its holdings in shares of VICI Properties by 102.3% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after purchasing an additional 9,967 shares in the last quarter. DigitalBridge Group Inc. bought a new position in VICI Properties in the 4th quarter worth $4,282,000. Prevail Innovative Wealth Advisors LLC acquired a new position in VICI Properties during the 1st quarter worth $2,170,000. Gordian Capital Singapore Pte Ltd acquired a new position in VICI Properties during the 4th quarter worth $2,773,000. Finally, Columbus Macro LLC lifted its position in VICI Properties by 7.8% during the 1st quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock worth $4,044,000 after acquiring an additional 8,967 shares during the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

NYSE VICI opened at $33.60 on Friday. The stock has a market cap of $35.82 billion, a P/E ratio of 12.87, a PEG ratio of 3.36 and a beta of 0.70. The company's 50-day simple moving average is $33.15 and its 200 day simple moving average is $32.32. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.29. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting analysts' consensus estimates of $0.60. The business 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%. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.45 per share. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties's payout ratio is currently 68.97%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Wells Fargo & Company boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. JMP Securities set a $35.00 target price on shares of VICI Properties in a research report on Tuesday, July 22nd. Stifel Nicolaus boosted their target price on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.55.

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.

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