First Hawaiian Bank Sells 11,921 Shares of VICI Properties Inc. $VICI

Key Points

• First Hawaiian Bank reduced its stake in VICI Properties Inc. by 24%, selling 11,921 shares, leaving them with a total of 37,725 shares valued at approximately $1.23 million.
• VICI Properties reported a quarterly earnings of $0.60 per share, meeting analysts' expectations, with a net margin of 70.20% and projected FY 2025 earnings guidance of 2.350-2.370 EPS.
• The company announced an increase in its quarterly dividend to $0.45, representing a 5.4% yield, with a payout ratio of 68.97% and the dividend to be paid on October 9th to shareholders recorded by September 18th.

First Hawaiian Bank decreased its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 24.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,725 shares of the company's stock after selling 11,921 shares during the quarter. First Hawaiian Bank's holdings in VICI Properties were worth $1,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of VICI. Strs Ohio bought a new position in shares of VICI Properties in the first quarter valued at approximately $44,084,000. Acadian Asset Management LLC raised its position in VICI Properties by 383.3% in the 1st quarter. Acadian Asset Management LLC now owns 56,941 shares of the company's stock valued at $1,856,000 after buying an additional 45,160 shares during the last quarter. Geneos Wealth Management Inc. raised its position in VICI Properties by 131.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,591 shares of the company's stock valued at $150,000 after buying an additional 2,604 shares during the last quarter. Focus Partners Wealth lifted its stake in VICI Properties by 145.9% during the 1st quarter. Focus Partners Wealth now owns 584,945 shares of the company's stock valued at $19,081,000 after acquiring an additional 347,109 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new position in VICI Properties during the 1st quarter worth $227,000. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VICI. JMP Securities set a $35.00 price target on shares of VICI Properties in a report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Mizuho boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Stifel Nicolaus upped their price objective on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $35.83.

VICI Properties Stock Performance

Shares of VICI opened at $33.16 on Friday. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The stock's 50-day simple moving average is $33.15 and its 200 day simple moving average is $32.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $35.36 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 3.31 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly 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 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 business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company 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. This is an increase from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties's payout ratio is currently 68.97%.

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.

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