Baird Financial Group Inc. Buys 115,152 Shares of VICI Properties Inc. $VICI

Key Points

• Baird Financial Group Inc. increased its stake in VICI Properties by 7.4%, owning approximately 1,669,610 shares valued at $54,463,000.
• VICI Properties reported a net margin of 70.20% and revenue of $1 billion for the last quarter, outperforming analysts' expectations.
• The company recently announced a quarterly dividend of $0.4325 per share, providing an annualized yield of 5.1%.

Baird Financial Group Inc. increased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 7.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,669,610 shares of the company's stock after acquiring an additional 115,152 shares during the period. Baird Financial Group Inc. owned about 0.16% of VICI Properties worth $54,463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blackhawk Capital Partners LLC. boosted its position in shares of VICI Properties by 102.3% in the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after acquiring an additional 9,967 shares during the period. DigitalBridge Group Inc. bought a new position in VICI Properties in the fourth quarter worth about $4,282,000. Prevail Innovative Wealth Advisors LLC bought a new position in VICI Properties in the first quarter worth about $2,170,000. Gordian Capital Singapore Pte Ltd bought a new position in VICI Properties in the fourth quarter worth about $2,773,000. Finally, Columbus Macro LLC raised its stake in VICI Properties by 7.8% in the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock worth $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 Stock Up 0.1%

NYSE VICI traded up $0.05 during mid-day trading on Wednesday, reaching $33.39. The stock had a trading volume of 7,174,548 shares, compared to its average volume of 6,927,740. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The stock has a market cap of $35.60 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 3.37 and a beta of 0.70. The company has a fifty day moving average price of $33.07 and a 200 day moving average price of $32.26. 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 released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. During the same period in the previous year, the company earned $0.57 earnings per share. The firm'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, research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

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

Wall Street Analyst Weigh In

VICI has been the subject of a number of research reports. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Morgan Stanley increased their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Scotiabank boosted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Finally, JMP Securities set a $35.00 price objective on 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.