Federation des caisses Desjardins du Quebec Purchases 40,085 Shares of VICI Properties Inc. $VICI

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in VICI Properties Inc. by 130.3% in Q1, raising its ownership to 70,840 shares valued at $2.31 million.
• Analyst ratings for VICI Properties are predominantly positive, with ten analysts giving it a Buy rating and a consensus target price of $35.55.
• VICI Properties recently declared a quarterly dividend increase to $0.45 per share, reflecting a 5.4% yield, up from the previous $0.43.

Federation des caisses Desjardins du Quebec increased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 130.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,840 shares of the company's stock after purchasing an additional 40,085 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in VICI Properties were worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in VICI Properties by 205.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company's stock worth $556,077,000 after buying an additional 11,458,239 shares during the period. Nuveen LLC purchased a new stake in VICI Properties in the first quarter worth about $320,179,000. Deutsche Bank AG lifted its holdings in VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock worth $241,229,000 after buying an additional 4,680,136 shares during the period. American Century Companies Inc. lifted its holdings in VICI Properties by 81.6% in the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company's stock worth $269,197,000 after buying an additional 3,707,396 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in VICI Properties by 2,437.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock worth $98,982,000 after buying an additional 3,255,078 shares during the period. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JMP Securities set a $35.00 price objective on shares of VICI Properties in a report on Tuesday, July 22nd. Stifel Nicolaus raised their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.75.

VICI Properties Stock Up 0.1%

Shares of VICI stock traded up $0.02 during trading hours on Wednesday, hitting $33.14. 6,106,025 shares of the company's stock traded hands, compared to its average volume of 6,953,400. The stock's fifty day simple moving average is $33.16 and its two-hundred day simple moving average is $32.35. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.29. The stock has a market cap of $35.34 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 3.33 and a beta of 0.70. 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 (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.4%. This is an increase from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties's payout ratio is 68.97%.

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.