Czech National Bank Has $8.42 Million Stake in VICI Properties Inc. $VICI

Key Points

• The Czech National Bank increased its holdings in VICI Properties by 6.7%, now owning 258,296 shares worth approximately $8.42 million after acquiring an additional 16,207 shares.
• VICI Properties has announced a quarterly dividend increase from $0.43 to $0.45, reflecting a dividend yield of 5.5% and a payout ratio of 66.28%.
• Analysts have raised their price targets for VICI Properties' stock, with the average target now at $35.92, amidst a rating of "Moderate Buy" from multiple analysts.

Czech National Bank raised its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,296 shares of the company's stock after purchasing an additional 16,207 shares during the period. Czech National Bank's holdings in VICI Properties were worth $8,420,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of VICI Properties during the 1st quarter valued at about $29,000. AdvisorNet Financial Inc grew its holdings in VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after buying an additional 786 shares during the last quarter. Avalon Trust Co acquired a new stake in VICI Properties in the 1st quarter valued at approximately $35,000. Investment Management Corp VA ADV grew its holdings in VICI Properties by 171.3% in the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock valued at $37,000 after buying an additional 709 shares during the last quarter. Finally, Kestra Investment Management LLC grew its holdings in VICI Properties by 55.5% in the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company's stock valued at $58,000 after buying an additional 634 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Trading Down 0.8%

Shares of VICI Properties stock traded down $0.27 during trading on Friday, reaching $31.85. 19,307,147 shares of the company were exchanged, compared to its average volume of 7,645,263. 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 twelve month low of $27.98 and a twelve month high of $34.03. The business has a 50-day moving average price of $33.08 and a 200-day moving average price of $32.37. The firm has a market capitalization of $33.96 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 3.18 and a beta of 0.70.

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

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 18th. 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 yield of 5.7%. VICI Properties's payout ratio is presently 68.97%.

Analyst Ratings Changes

VICI has been the topic of a number of research analyst reports. Stifel Nicolaus raised their target price on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Scotiabank lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock 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. Morgan Stanley lifted their price objective on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Finally, Mizuho lifted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $35.92.

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.