VICI Properties Inc. $VICI Shares Acquired by Cresset Asset Management LLC

Key Points

• Cresset Asset Management LLC increased its stake in VICI Properties Inc. by 172.2%, acquiring an additional 17,327 shares, bringing its total holdings to 27,388 shares valued at approximately $905,000.
• VICI Properties reported a quarterly EPS of $0.60, meeting analysts' estimates, along with a year-over-year revenue increase of 4.6% to $1 billion.
• The company's latest quarterly dividend announced was $0.4325 per share, translating to an annualized yield of 5.2% with a payout ratio of 66.28%.

Cresset Asset Management LLC boosted its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 172.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,388 shares of the company's stock after acquiring an additional 17,327 shares during the quarter. Cresset Asset Management LLC's holdings in VICI Properties were worth $905,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Invesco Ltd. raised its position in VICI Properties by 0.6% in the first quarter. Invesco Ltd. now owns 13,491,589 shares of the company's stock worth $440,096,000 after acquiring an additional 77,544 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in VICI Properties by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company's stock worth $402,700,000 after acquiring an additional 135,836 shares in the last quarter. Northern Trust Corp raised its position in VICI Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock worth $354,512,000 after acquiring an additional 3,298,314 shares in the last quarter. Nuveen LLC purchased a new position in VICI Properties in the first quarter worth $320,179,000. Finally, Envestnet Asset Management Inc. raised its position in VICI Properties by 9.9% in the first quarter. Envestnet Asset Management Inc. now owns 8,974,560 shares of the company's stock worth $292,750,000 after acquiring an additional 807,979 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

Shares of VICI traded up $0.32 during trading hours on Wednesday, reaching $33.77. 1,781,124 shares of the company traded hands, compared to its average volume of 6,878,649. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $36.01 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 3.35 and a beta of 0.68. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.29. The stock has a fifty day simple moving average of $32.96 and a 200 day simple moving average of $32.13.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting 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 return on equity of 10.21% and a net margin of 70.20%.The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, research analysts predict 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 paid 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 dividend yield of 5.1%. VICI Properties's dividend payout ratio (DPR) is presently 66.28%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JMP Securities set a $35.00 price objective on VICI Properties in a research report on Tuesday, July 22nd. Robert W. Baird raised their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Stifel Nicolaus raised their price target on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company raised their price target on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $35.50.

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.