Caisse DE Depot ET Placement DU Quebec Buys Shares of 155,164 VICI Properties Inc. $VICI

Key Points

• Caisse DE Depot ET Placement DU Quebec has acquired 155,164 shares of VICI Properties Inc. valued at approximately $5.06 million during the first quarter.
• VICI Properties reported a net profit margin of 70.20% and earnings of $0.60 per share, aligning with analyst expectations, while also projecting 2.31 EPS for the current fiscal year.
• Wells Fargo raised VICI's price target from $35.00 to $36.00, with several analysts rating the stock as a "Moderate Buy" and a consensus target price of $35.55.

Caisse DE Depot ET Placement DU Quebec bought 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 13F filing with the SEC. The fund bought 155,164 shares of the company's stock, valued at approximately $5,061,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Provident Investment Management Inc. raised its stake in shares of VICI Properties by 1.5% during the first quarter. Provident Investment Management Inc. now owns 23,785 shares of the company's stock valued at $776,000 after purchasing an additional 350 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of VICI Properties by 8.5% during the first quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company's stock valued at $150,000 after purchasing an additional 359 shares during the period. Moran Wealth Management LLC raised its stake in shares of VICI Properties by 0.9% during the first quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock valued at $1,324,000 after purchasing an additional 360 shares during the period. Benjamin Edwards Inc. raised its stake in shares of VICI Properties by 3.1% during the fourth quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock valued at $369,000 after purchasing an additional 378 shares during the period. Finally, DAVENPORT & Co LLC raised its stake in shares of VICI Properties by 3.9% during the first quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company's stock valued at $347,000 after purchasing an additional 403 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Down 1.7%

Shares of NYSE:VICI traded down $0.57 during midday trading on Tuesday, reaching $33.22. The company had a trading volume of 2,978,376 shares, compared to its average volume of 6,905,611. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The stock's fifty day moving average price is $33.07 and its 200-day moving average price is $32.25. The stock has a market capitalization of $35.42 billion, a P/E ratio of 12.72, a PEG ratio of 3.37 and a beta of 0.70. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The business's revenue was up 4.6% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VICI. Stifel Nicolaus lifted their price objective 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. Wells Fargo & Company lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, Scotiabank reiterated an "outperform" rating and set a $36.00 price objective on shares of VICI Properties in a research note on Thursday. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.55.

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.