AQR Capital Management LLC Has $47.74 Million Stake in VICI Properties Inc. $VICI

Key Points

• AQR Capital Management LLC increased its stake in VICI Properties by 15.4%, owning approximately 1,480,773 shares valued at $47.74 million as of the latest SEC filing.
• VICI Properties has announced a quarterly dividend of $0.45 per share, representing a 5.4% yield, a raise from the previous quarter's dividend of $0.43.
• Several brokerages have recently upgraded VICI's price targets, with a consensus target price now at $35.55, indicating positive sentiment from analysts.

AQR Capital Management LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 15.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,480,773 shares of the company's stock after buying an additional 197,529 shares during the period. AQR Capital Management LLC owned 0.14% of VICI Properties worth $47,740,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of VICI Properties during the 1st quarter valued at about $29,000. CoreCap Advisors LLC grew its position in VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares during the last quarter. AdvisorNet Financial Inc grew its position in VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after purchasing an additional 786 shares during the last quarter. Avalon Trust Co bought a new position in VICI Properties in the 1st quarter worth about $35,000. Finally, Investment Management Corp VA ADV grew its position in VICI Properties by 171.3% in the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock worth $37,000 after purchasing an additional 709 shares during the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Trading Up 0.1%

Shares of NYSE:VICI traded up $0.02 during mid-day trading on Wednesday, hitting $33.14. The stock had a trading volume of 6,106,025 shares, compared to its average volume of 6,953,400. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $35.34 billion, a PE ratio of 12.70, a P/E/G ratio of 3.33 and a beta of 0.70. The company's 50 day moving average is $33.16 and its 200-day moving average is $32.35.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same quarter in the prior year, the business posted $0.57 EPS. VICI Properties'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. On average, sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

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

Analysts Set New Price Targets

VICI has been the subject of several recent analyst reports. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday. Morgan Stanley increased their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Scotiabank increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Finally, Wells Fargo & Company increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, VICI Properties has a consensus rating of "Moderate Buy" and an average target price of $35.75.

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.