Columbus Macro LLC Buys 15,040 Shares of VICI Properties Inc. $VICI

Key Points

• Columbus Macro LLC increased its stake in VICI Properties Inc. by 12.1% in the 2nd quarter, now holding 139,023 shares valued at approximately $4.53 million.
• VICI Properties recently announced a quarterly dividend increase from $0.43 to $0.45 per share, representing an annualized dividend yield of 5.7%.
• Analysts have a consensus price target of $36.00 for VICI Properties, with thirteen analysts rating it as a "Buy" and three as a "Hold".

Columbus Macro LLC raised its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 12.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 139,023 shares of the company's stock after purchasing an additional 15,040 shares during the period. Columbus Macro LLC's holdings in VICI Properties were worth $4,532,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of VICI. Price T Rowe Associates Inc. MD grew its holdings in VICI Properties by 205.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company's stock valued at $556,077,000 after purchasing an additional 11,458,239 shares during the period. Nuveen LLC purchased a new stake in shares of VICI Properties during the first quarter worth about $320,179,000. Deutsche Bank AG grew its position in shares of VICI Properties by 172.4% during the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock worth $241,229,000 after purchasing an additional 4,680,136 shares in the last quarter. American Century Companies Inc. grew its position in shares of VICI Properties by 81.6% during the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company's stock worth $269,197,000 after purchasing an additional 3,707,396 shares in the last quarter. Finally, Bahl & Gaynor Inc. purchased a new stake in shares of VICI Properties during the first quarter worth about $99,701,000. Institutional investors own 97.71% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VICI shares. JMP Securities set a $35.00 target price on shares of VICI Properties in a research report on Tuesday, July 22nd. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Weiss Ratings reissued a "buy (b-)" rating on shares of VICI Properties in a research note on Wednesday. Wells Fargo & Company lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Finally, Scotiabank increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $36.00.

VICI Properties Trading Down 1.8%

Shares of NYSE VICI opened at $31.43 on Thursday. The business's 50 day moving average is $32.86 and its two-hundred day moving average is $32.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.03. The stock has a market capitalization of $33.52 billion, a P/E ratio of 12.04, a PEG ratio of 3.19 and a beta of 0.72.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, September 18th. This is an increase from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 5.7%. VICI Properties's payout ratio is presently 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.

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