APG Asset Management US Inc. Sells 82,073 Shares of VICI Properties Inc. $VICI

Key Points

• APG Asset Management US Inc. reduced its stake in VICI Properties Inc. by selling 82,073 shares, bringing its total ownership to 3,450,812 shares.
• The company reported a $1 billion revenue for the last quarter, exceeding the consensus estimate, and consistent earnings per share of $0.60.
• VICI Properties announced a quarterly dividend of $0.4325 per share, translating to an annualized yield of 5.2% and a payout ratio of 66.28%.

APG Asset Management US Inc. reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,450,812 shares of the company's stock after selling 82,073 shares during the quarter. VICI Properties makes up approximately 0.9% of APG Asset Management US Inc.'s holdings, making the stock its 21st biggest position. APG Asset Management US Inc. owned approximately 0.33% of VICI Properties worth $111,944,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Blackhawk Capital Partners LLC. grew its stake 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 worth $643,000 after acquiring an additional 9,967 shares in the last quarter. DigitalBridge Group Inc. bought a new position in shares of VICI Properties in the fourth quarter valued at $4,282,000. Prevail Innovative Wealth Advisors LLC bought a new position in shares of VICI Properties in the first quarter valued at $2,170,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of VICI Properties in the fourth quarter valued at $2,773,000. Finally, Columbus Macro LLC grew its stake in shares of VICI Properties by 7.8% in the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock valued at $4,044,000 after buying an additional 8,967 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Trading Up 0.2%

Shares of VICI Properties stock opened at $33.0250 on Friday. The business has a fifty day simple moving average of $32.88 and a two-hundred day simple moving average of $32.05. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The company has a market capitalization of $35.22 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 3.30 and a beta of 0.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $991.59 million. During the same quarter last year, the firm posted $0.57 EPS. The company's quarterly revenue was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.2%. VICI Properties's dividend payout ratio (DPR) is currently 66.28%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VICI shares. 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 research note on Thursday, July 31st. Morgan Stanley raised their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Robert W. Baird raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.40.

About VICI Properties

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.