Epoch Investment Partners Inc. Sells 172,390 Shares of VICI Properties Inc. $VICI

Key Points

• Epoch Investment Partners Inc. reduced its stake in VICI Properties by 6.7%, selling 172,390 shares in the 1st quarter, leaving them with approximately 2.4 million shares valued at $78.3 million.
• Research analysts maintain a positive outlook on VICI Properties, with nine analysts rating it as a Buy and a consensus price target of $35.40 per share.
• VICI Properties has recently declared a quarterly dividend of $0.4325 per share, resulting in a dividend yield of 5.2%.

Epoch Investment Partners Inc. lessened its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,400,015 shares of the company's stock after selling 172,390 shares during the quarter. Epoch Investment Partners Inc. owned about 0.23% of VICI Properties worth $78,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of VICI Properties in the first quarter worth about $5,061,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of VICI Properties by 11.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 63,518 shares of the company's stock worth $2,072,000 after acquiring an additional 6,583 shares during the last quarter. Systematic Financial Management LP raised its stake in shares of VICI Properties by 28.2% in the first quarter. Systematic Financial Management LP now owns 27,090 shares of the company's stock worth $884,000 after acquiring an additional 5,955 shares during the last quarter. Jump Financial LLC bought a new position in shares of VICI Properties in the first quarter worth about $598,000. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in shares of VICI Properties by 50.1% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,479,465 shares of the company's stock worth $80,880,000 after acquiring an additional 827,611 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Scotiabank restated an "outperform" rating on shares of VICI Properties in a research report on Thursday. Wells Fargo & Company upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday. JMP Securities set a $35.00 target price on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Morgan Stanley upped their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.55.

VICI Properties Stock Down 0.6%

NYSE VICI traded down $0.21 during trading on Thursday, hitting $33.54. The stock had a trading volume of 7,280,157 shares, compared to its average volume of 8,039,731. The company has a market capitalization of $35.77 billion, a PE ratio of 12.85, a P/E/G ratio of 3.37 and a beta of 0.68. The company's 50-day moving average price is $33.01 and its two-hundred day moving average price is $32.17. 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 Inc. has a 12 month low of $27.98 and a 12 month high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $1 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a $0.4325 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.2%. VICI Properties's payout ratio 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.