Bahl & Gaynor Inc. Takes $99.70 Million Position in VICI Properties Inc. $VICI

Key Points

• Bahl & Gaynor Inc. has purchased over 3 million shares of VICI Properties Inc., valued at approximately $99.7 million, representing a 0.29% ownership stake.
• VICI Properties reported a net margin of 70.20% and achieved a revenue of $1 billion in its last quarterly earnings, reflecting a 4.6% increase year-over-year.
• The company's recent quarterly dividend of $0.4325 per share gives an annualized yield of 5.2%, with a dividend payout ratio of 66.28%.

Bahl & Gaynor Inc. acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,056,435 shares of the company's stock, valued at approximately $99,701,000. Bahl & Gaynor Inc. owned about 0.29% of VICI Properties at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of VICI Properties during the first quarter valued at approximately $29,000. CoreCap Advisors LLC raised its position in shares of VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after buying an additional 1,000 shares during the last quarter. Quarry LP increased its position in VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after purchasing an additional 897 shares during the last quarter. AdvisorNet Financial Inc increased its position in VICI Properties by 362.2% in the first 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. Finally, Avalon Trust Co bought a new stake in VICI Properties in the first quarter worth $35,000. Institutional investors own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

VICI has been the topic of several research reports. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Scotiabank restated an "outperform" rating on shares of VICI Properties in a research report on Thursday. Stifel Nicolaus boosted their price target 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, Wells Fargo & Company boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and an average target price of $35.55.

VICI Properties Trading Down 1.0%

VICI stock traded down $0.35 during mid-day trading on Thursday, reaching $33.40. 1,984,361 shares of the stock traded hands, compared to its average volume of 6,890,436. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29. The stock has a market capitalization of $35.61 billion, a PE ratio of 12.80, a PEG ratio of 3.34 and a beta of 0.68. The business has a 50-day moving average price of $32.99 and a two-hundred day moving average price of $32.14.

VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business's revenue 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. Equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

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

VICI Properties Company 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.