Dimensional Fund Advisors LP Has $472.67 Million Position in VICI Properties Inc. $VICI

Key Points

• Dimensional Fund Advisors LP has reduced its stake in VICI Properties Inc. by 3.1%, now owning approximately 14.49 million shares valued at $472.67 million.
• VICI Properties has received several positive analyst upgrades, including a target price increase to $38.00 from Truist Financial, and has a consensus rating of "Moderate Buy".
• The company reported a quarterly revenue of $1 billion and a net margin of 70.20%, with a quarterly dividend of $0.4325 per share, resulting in an annualized dividend yield of 5.3%.

Dimensional Fund Advisors LP reduced its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 3.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,490,881 shares of the company's stock after selling 463,862 shares during the quarter. Dimensional Fund Advisors LP owned 1.37% of VICI Properties worth $472,674,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Townsquare Capital LLC grew its holdings in shares of VICI Properties by 13.0% during the fourth quarter. Townsquare Capital LLC now owns 27,248 shares of the company's stock worth $796,000 after buying an additional 3,127 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of VICI Properties during the fourth quarter worth about $436,000. Gabelli Funds LLC grew its holdings in shares of VICI Properties by 3.2% during the fourth quarter. Gabelli Funds LLC now owns 160,305 shares of the company's stock worth $4,683,000 after buying an additional 5,000 shares in the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of VICI Properties by 8.2% during the fourth quarter. Insigneo Advisory Services LLC now owns 12,434 shares of the company's stock worth $363,000 after buying an additional 944 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of VICI Properties by 756.8% during the fourth quarter. NewEdge Advisors LLC now owns 12,346 shares of the company's stock worth $361,000 after buying an additional 10,905 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research reports. Stifel Nicolaus increased their price objective on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Morgan Stanley increased 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. JMP Securities set a $35.00 price objective on VICI Properties in a report on Tuesday, July 22nd. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, Truist Financial raised their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Nine 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 $35.40.

VICI Properties Stock Up 1.8%

VICI stock traded up $0.5950 during mid-day trading on Wednesday, reaching $33.0650. The company had a trading volume of 5,074,377 shares, compared to its average volume of 6,784,017. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.29. The company has a market capitalization of $35.26 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 3.22 and a beta of 0.68. The stock has a 50 day simple moving average of $32.86 and a two-hundred day simple moving average of $32.02. 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 (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $991.59 million. During the same period last year, the firm posted $0.57 earnings per share. The business's revenue 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, equities analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is presently 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.