Campbell & CO Investment Adviser LLC Reduces Stake in VICI Properties Inc. $VICI

Key Points

• Campbell & CO Investment Adviser LLC sold 26,096 shares of VICI Properties, reducing its holdings by 35.5%, leaving them with 47,470 shares valued at $1,548,000.
• VICI Properties reported a quarterly EPS of $0.60 and revenue of $1 billion, meeting analysts' expectations and showing a 4.6% increase compared to the same quarter last year.
• The company declared a quarterly dividend of $0.4325 per share, which translates to an annualized yield of 5.2% with a payout ratio of 66.28%.

Campbell & CO Investment Adviser LLC trimmed its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 35.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,470 shares of the company's stock after selling 26,096 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in VICI Properties were worth $1,548,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VICI. Wayfinding Financial LLC bought a new stake in VICI Properties during the first quarter worth $29,000. CoreCap Advisors LLC grew its holdings in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after buying an additional 1,000 shares in the last quarter. Quarry LP grew its holdings in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after buying an additional 897 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after buying an additional 786 shares in the last quarter. Finally, Avalon Trust Co bought a new stake in VICI Properties during the first quarter worth $35,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VICI has been the subject of several recent research reports. Morgan Stanley upped their price target on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Scotiabank reiterated an "outperform" rating on shares of VICI Properties in a report on Thursday. Stifel Nicolaus upped their price target on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, JMP Securities set a $35.00 price target on VICI Properties in a report on Tuesday, July 22nd. Ten equities research 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, VICI Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.55.

VICI Properties Stock Performance

Shares of NYSE VICI traded down $0.21 during trading on Thursday, reaching $33.54. 7,280,157 shares of the stock traded hands, compared to its average volume of 8,039,731. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. 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 company has a 50-day moving average of $33.01 and a 200-day moving average of $32.17. The stock has a market capitalization of $35.77 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 3.37 and a beta of 0.68.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The business's revenue for the quarter 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. Analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

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

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.