BI Asset Management Fondsmaeglerselskab A S Sells 517,438 Shares of VICI Properties Inc. $VICI

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in VICI Properties Inc. by 57.9%, holding 376,470 shares after selling 517,438 shares in the first quarter.
• Several other institutional investors increased their stakes, including Blackhawk Capital Partners LLC, which boosted its position by 102.3%, acquiring nearly 20,000 shares.
• VICI Properties reported earnings of $0.60 per share for the latest quarter, matching analyst estimates, and announced a quarterly dividend of $0.4325 per share, yielding 5.3% annually.

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 57.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 376,470 shares of the company's stock after selling 517,438 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in VICI Properties were worth $12,280,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wayfinding Financial LLC bought a new position in shares of VICI Properties in the 1st quarter valued at about $29,000. Transce3nd LLC bought a new position in shares of VICI Properties in the 4th quarter valued at about $28,000. AdvisorNet Financial Inc boosted its stake in shares of VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after purchasing an additional 786 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Avalon Trust Co bought a new position in shares of VICI Properties in the 1st quarter valued at about $35,000. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 1.3%

VICI stock traded up $0.4340 during mid-day trading on Friday, hitting $33.3940. 11,904,588 shares of the company were exchanged, compared to its average volume of 7,145,639. 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 firm has a market cap of $35.61 billion, a P/E ratio of 12.79, a P/E/G ratio of 3.30 and a beta of 0.68. The firm's 50 day simple moving average is $32.91 and its 200 day simple moving average is $32.07. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $1 billion for 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%. The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. 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 fiscal year.

VICI Properties Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is currently 66.28%.

Wall Street Analyst Weigh In

VICI has been the topic of several recent research reports. 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. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Morgan Stanley increased their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.