Canada Pension Plan Investment Board Sells 2,632,871 Shares of VICI Properties Inc. $VICI

Key Points

• The Canada Pension Plan Investment Board decreased its holdings in VICI Properties Inc. by 69.1% in the first quarter, selling over 2.6 million shares and now holding approximately 0.11% of the company.
• VICI Properties announced a quarterly dividend of $0.4325 per share, reflecting an annualized yield of 5.1%.
• Research analysts are optimistic about VICI Properties, with ten rating it as a “Buy” and setting an average price target of $35.55.

Canada Pension Plan Investment Board lowered its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 69.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,176,505 shares of the company's stock after selling 2,632,871 shares during the period. Canada Pension Plan Investment Board owned about 0.11% of VICI Properties worth $38,378,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in VICI Properties in the 1st quarter worth $29,000. AdvisorNet Financial Inc boosted its holdings in shares of VICI Properties by 362.2% during 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 holdings in shares of VICI Properties by 5,555.6% during 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. Avalon Trust Co bought a new position in shares of VICI Properties during the 1st quarter valued at about $35,000. Finally, Quarry LP boosted its holdings in shares of VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after purchasing an additional 897 shares during the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Trading Up 0.3%

VICI Properties stock traded up $0.10 during midday trading on Thursday, reaching $33.50. The stock had a trading volume of 7,528,345 shares, compared to its average volume of 6,931,316. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The firm has a market cap of $35.72 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 3.37 and a beta of 0.70. The company has a fifty day moving average of $33.10 and a 200 day moving average of $32.26.

VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting analysts' consensus estimates of $0.60. The business had revenue of $1 billion for 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%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.45 per share. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.4%. VICI Properties's dividend payout ratio (DPR) is 66.28%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Scotiabank increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Finally, Morgan Stanley increased their price objective 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. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, VICI Properties has an average rating of "Moderate Buy" and an average target price 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.