Candriam S.C.A. Buys Shares of 48,856 VICI Properties Inc. $VICI

Key Points

• Candriam S.C.A. purchased 48,856 shares of VICI Properties Inc., valued at approximately $1,594,000, during the first quarter.
• Several other institutional investors, including Blackhawk Capital Partners and DigitalBridge Group, have also increased their stakes in VICI Properties, with 97.71% of the stock owned by hedge funds and institutional investors.
• VICI Properties has recently declared a quarterly dividend of $0.4325 per share, resulting in an annualized dividend yield of 5.2%.

Candriam S.C.A. acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,856 shares of the company's stock, valued at approximately $1,594,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blackhawk Capital Partners LLC. lifted its position in shares of VICI Properties by 102.3% in the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after acquiring an additional 9,967 shares in the last quarter. DigitalBridge Group Inc. purchased a new stake in shares of VICI Properties in the fourth quarter valued at $4,282,000. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of VICI Properties in the first quarter valued at $2,170,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of VICI Properties in the fourth quarter valued at $2,773,000. Finally, Columbus Macro LLC lifted its position in shares of VICI Properties by 7.8% in the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock valued at $4,044,000 after acquiring an additional 8,967 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VICI. Stifel Nicolaus upped their price objective on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Morgan Stanley upped their price objective on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. JMP Securities set a $35.00 target price on 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, Robert W. Baird increased their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, VICI Properties presently has an average rating of "Moderate Buy" and an average price target of $35.40.

VICI Properties Stock Performance

NYSE VICI opened at $33.3940 on Friday. The business's 50-day moving average price is $32.91 and its 200 day moving average price is $32.08. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.29. The company has a market capitalization of $35.61 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 3.34 and a beta of 0.68. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share 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 return on equity of 10.21% and a net margin of 70.20%.The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently declared 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 dividend payout ratio is currently 66.28%.

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.

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