Ascent Group LLC Takes $816,000 Position in VICI Properties Inc. $VICI

Key Points

• Ascent Group LLC has acquired a new stake in VICI Properties Inc., purchasing 25,016 shares valued at approximately $816,000 according to their latest SEC filing.
• VICI Properties recently announced a quarterly dividend of $0.45, increasing from $0.43, which represents a 5.4% dividend yield.
• Analysts have generally rated VICI Properties positively, with a current consensus rating of "Moderate Buy" and an average target price of $35.55.

Ascent Group LLC acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,016 shares of the company's stock, valued at approximately $816,000.

A number of other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of VICI Properties by 205.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company's stock valued at $556,077,000 after buying an additional 11,458,239 shares during the last quarter. Northern Trust Corp grew its holdings in VICI Properties by 13.2% in the first quarter. Northern Trust Corp now owns 13,743,229 shares of the company's stock valued at $448,304,000 after purchasing an additional 1,606,559 shares during the period. Invesco Ltd. grew its holdings in VICI Properties by 0.6% in the first quarter. Invesco Ltd. now owns 13,491,589 shares of the company's stock valued at $440,096,000 after purchasing an additional 77,544 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in VICI Properties by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company's stock valued at $402,700,000 after purchasing an additional 135,836 shares during the period. Finally, Nuveen LLC purchased a new stake in VICI Properties in the first quarter valued at approximately $320,179,000. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VICI shares. Stifel Nicolaus boosted 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. Citigroup restated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Morgan Stanley boosted their target price 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 boosted their target price 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, JMP Securities set a $35.00 target price on shares of VICI Properties in a report on Tuesday, July 22nd. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.55.

VICI Properties Price Performance

VICI opened at $33.10 on Wednesday. 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 Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The company has a 50 day moving average of $33.16 and a two-hundred day moving average of $32.35. The company has a market cap of $35.30 billion, a P/E ratio of 12.68, a P/E/G ratio of 3.33 and a beta of 0.70.

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

VICI Properties Increases Dividend

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

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.

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.