VICI Properties Inc. $VICI Shares Sold by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC reduced its stake in VICI Properties by 27.1%, selling 41,526 shares to leave it with 111,840 shares on record.
• VICI Properties announced a quarterly dividend of $0.45 per share, reflecting an annualized yield of 5.4%, a positive increase from the previous dividend of $0.43.
• Research analysts have a consensus rating of "Moderate Buy" for VICI Properties, with an average price target of $35.55, and ten analysts have rated the stock with a Buy rating.

Cubist Systematic Strategies LLC lowered its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 27.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 111,840 shares of the company's stock after selling 41,526 shares during the period. Cubist Systematic Strategies LLC's holdings in VICI Properties were worth $3,648,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blackhawk Capital Partners LLC. boosted its position in shares of VICI Properties by 102.3% during the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock worth $643,000 after buying an additional 9,967 shares during the period. DigitalBridge Group Inc. purchased a new stake in VICI Properties during the 4th quarter worth approximately $4,282,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in VICI Properties during the 1st quarter worth approximately $2,170,000. Gordian Capital Singapore Pte Ltd purchased a new position in VICI Properties in the 4th quarter valued at approximately $2,773,000. Finally, Columbus Macro LLC grew its stake 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 worth $4,044,000 after acquiring an additional 8,967 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 0.1%

Shares of NYSE:VICI traded up $0.02 on Wednesday, hitting $33.14. 6,106,025 shares of the company's stock were exchanged, compared to its average volume of 7,984,549. The firm's 50-day moving average is $33.16 and its 200 day moving average is $32.36. The company has a market capitalization of $35.34 billion, a PE ratio of 12.70, a P/E/G ratio of 3.31 and a beta of 0.70. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74.

VICI Properties (NYSE:VICI - Get Free Report) last issued 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 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 quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Sell-side analysts predict 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 issued 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 dividend on an annualized basis and a yield of 5.4%. VICI Properties's dividend payout ratio is 66.28%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Stifel Nicolaus increased their price objective on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Scotiabank boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Morgan Stanley increased their price target 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. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.75.

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.