Generali Asset Management SPA SGR Purchases 22,094 Shares of VICI Properties Inc. $VICI

Key Points

• Generali Asset Management SPA SGR increased its stake in VICI Properties Inc. by 82.8% during the second quarter, acquiring an additional 22,094 shares, bringing its total holdings to 48,790 shares valued at approximately $1.59 million.
• The company recently reported $1 billion in revenue for the quarter, exceeding analysts' expectations, and had earnings per share (EPS) of $0.60, matching consensus estimates.
• VICI Properties announced a dividend increase to $0.45 per share, providing shareholders with a 5.8% yield, up from the previous quarterly dividend of $0.43.

Generali Asset Management SPA SGR lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 82.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,790 shares of the company's stock after acquiring an additional 22,094 shares during the quarter. Generali Asset Management SPA SGR's holdings in VICI Properties were worth $1,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of VICI Properties by 205.0% during 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 acquiring an additional 11,458,239 shares during the last quarter. Northern Trust Corp raised its position in shares of VICI Properties by 13.2% during the first quarter. Northern Trust Corp now owns 13,743,229 shares of the company's stock worth $448,304,000 after acquiring an additional 1,606,559 shares during the last quarter. Invesco Ltd. raised its position in shares of VICI Properties by 0.6% during the first quarter. Invesco Ltd. now owns 13,491,589 shares of the company's stock worth $440,096,000 after acquiring an additional 77,544 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of VICI Properties by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company's stock worth $402,700,000 after acquiring an additional 135,836 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of VICI Properties by 12.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,875,084 shares of the company's stock worth $322,125,000 after acquiring an additional 1,122,161 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $30.89 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The stock's fifty day simple moving average is $32.55 and its two-hundred day simple moving average is $32.31. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.03. The stock has a market cap of $32.94 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 3.06 and a beta of 0.72.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. During the same period last year, the business earned $0.57 EPS. 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, analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were paid a dividend of $0.45 per share. This is a boost from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 5.8%. VICI Properties's dividend payout ratio (DPR) is 68.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JMP Securities set a $35.00 target price on VICI Properties in a report on Tuesday, July 22nd. Morgan Stanley lifted their target price on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Cantor Fitzgerald assumed coverage on VICI Properties in a report on Wednesday, October 1st. They issued an "overweight" rating and a $37.00 target price for the company. Stifel Nicolaus lifted their target price on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.00.

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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