FCG Investment Co Lowers Position in VICI Properties Inc. $VICI

Key Points

• FCG Investment Co has reduced its stake in VICI Properties Inc. by 52.3%, holding $602,000 worth of shares after selling 20,261 during the 1st quarter.
• Multiple institutional investors have increased their positions in VICI, with Northern Trust Corp leading with a 37.3% increase in the 4th quarter.
• VICI Properties reported earnings of $0.60 per share for the last quarter, matching analysts' expectations, and paid a quarterly dividend of $0.4325 per share, representing a 5.3% yield.

FCG Investment Co trimmed its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 52.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,469 shares of the company's stock after selling 20,261 shares during the quarter. FCG Investment Co's holdings in VICI Properties were worth $602,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Blackhawk Capital Partners LLC. raised its stake in shares of VICI Properties by 102.3% during the 1st 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 last quarter. DigitalBridge Group Inc. purchased a new position in VICI Properties during the 4th quarter valued at about $4,282,000. Prevail Innovative Wealth Advisors LLC purchased a new position in VICI Properties during the 1st quarter valued at about $2,170,000. Gordian Capital Singapore Pte Ltd acquired a new position in VICI Properties during the fourth quarter worth about $2,773,000. Finally, Columbus Macro LLC lifted its holdings 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 valued at $4,044,000 after purchasing an additional 8,967 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Trading Up 0.2%

Shares of NYSE:VICI traded up $0.0550 during trading on Thursday, reaching $33.0250. The stock had a trading volume of 9,296,568 shares, compared to its average volume of 6,836,633. 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 cap of $35.22 billion, a P/E ratio of 12.65, a PEG ratio of 3.25 and a beta of 0.68. The business has a fifty day moving average price of $32.87 and a 200-day moving average price of $32.02. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.29.

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

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.2%. The ex-dividend date was Wednesday, June 18th. VICI Properties's dividend payout ratio is presently 66.28%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VICI shares. Morgan Stanley increased their price target 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. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Stifel Nicolaus increased 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. JMP Securities set a $35.00 price target on VICI Properties in a research report on Tuesday, July 22nd. Finally, Robert W. Baird boosted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.40.

VICI Properties Company 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.