Border to Coast Pensions Partnership Ltd Purchases 75,000 Shares of VICI Properties Inc. $VICI

Key Points

• Border to Coast Pensions Partnership Ltd increased its stake in VICI Properties Inc. by 17.6%, now holding 500,000 shares valued at $16.3 million.
• VICI Properties reported a 4.6% increase in revenue year-over-year, totaling $1 billion for the quarter, and achieved an EPS of $0.60, meeting analyst expectations.
• The company announced a dividend increase, raising its quarterly dividend from $0.43 to $0.45, which corresponds to a yearly yield of 5.7%.

Border to Coast Pensions Partnership Ltd grew its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 17.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 500,000 shares of the company's stock after purchasing an additional 75,000 shares during the period. Border to Coast Pensions Partnership Ltd's holdings in VICI Properties were worth $16,300,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VICI. Vident Advisory LLC lifted its stake in VICI Properties by 130.6% in the fourth quarter. Vident Advisory LLC now owns 28,690 shares of the company's stock valued at $838,000 after acquiring an additional 16,248 shares during the last quarter. Woodline Partners LP acquired a new position in VICI Properties during the fourth quarter worth $1,842,000. GF Fund Management CO. LTD. acquired a new position in VICI Properties during the fourth quarter worth $556,000. DigitalBridge Group Inc. acquired a new position in VICI Properties during the fourth quarter worth $4,282,000. Finally, Toronto Dominion Bank boosted its stake in shares of VICI Properties by 7.5% during the 4th quarter. Toronto Dominion Bank now owns 562,820 shares of the company's stock worth $16,440,000 after acquiring an additional 39,143 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on VICI shares. Mizuho upped their price target on VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. lifted their price target on shares of VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Stifel Nicolaus raised their target price on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. JMP Securities set a $35.00 price target on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, Morgan Stanley upped their price target 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. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, VICI Properties has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

VICI Properties Price Performance

Shares of NYSE VICI traded up $0.32 during trading on Tuesday, reaching $31.75. The company had a trading volume of 4,487,869 shares, compared to its average volume of 7,037,197. 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 stock has a market cap of $33.85 billion, a PE ratio of 12.17, a PEG ratio of 3.18 and a beta of 0.70. The business's 50 day moving average price is $33.03 and its 200-day moving average price is $32.36. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.03.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting analysts' consensus estimates of $0.60. The business 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%. VICI Properties's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be issued a $0.45 dividend. This is a boost from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Thursday, September 18th. VICI Properties's dividend payout ratio is currently 68.97%.

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.