Groupe la Francaise Grows Holdings in VICI Properties Inc. $VICI

Key Points

• Groupe la Francaise has increased its stake in VICI Properties Inc. by 11.9%, owning a total of 170,097 shares valued at approximately $5.4 million following the acquisition of an additional 18,114 shares.
• VICI Properties reported a quarterly earnings per share (EPS) of $0.60, meeting analyst expectations, and achieved a revenue of $1 billion, surpassing estimates of $991.59 million.
• The company recently declared a quarterly dividend of $0.4325 per share, representing an annualized dividend of $1.73 and a yield of 5.2% with a payout ratio of 66.28%.

Groupe la Francaise raised its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 11.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 170,097 shares of the company's stock after buying an additional 18,114 shares during the period. Groupe la Francaise's holdings in VICI Properties were worth $5,423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. NewEdge Advisors LLC increased its holdings in VICI Properties by 756.8% in the fourth quarter. NewEdge Advisors LLC now owns 12,346 shares of the company's stock valued at $361,000 after buying an additional 10,905 shares in the last quarter. MML Investors Services LLC increased its holdings in VICI Properties by 16.0% in the fourth quarter. MML Investors Services LLC now owns 67,202 shares of the company's stock valued at $1,963,000 after buying an additional 9,273 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in VICI Properties by 129.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,631 shares of the company's stock valued at $106,000 after buying an additional 2,046 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in VICI Properties by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,588,843 shares of the company's stock valued at $163,251,000 after buying an additional 149,292 shares in the last quarter. Finally, MGO One Seven LLC increased its holdings in VICI Properties by 9.3% in the fourth quarter. MGO One Seven LLC now owns 18,282 shares of the company's stock valued at $534,000 after buying an additional 1,556 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

VICI has been the topic of several research analyst reports. 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 research report on Wednesday. Stifel Nicolaus lifted their target price on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Morgan Stanley lifted 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. JMP Securities set a $35.00 target price on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Robert W. Baird boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $35.55.

VICI Properties Trading Down 0.6%

NYSE:VICI traded down $0.21 on Thursday, hitting $33.54. The stock had a trading volume of 7,176,914 shares, compared to its average volume of 6,901,762. 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 $35.77 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 3.34 and a beta of 0.68. The company has a fifty day moving average price of $32.99 and a two-hundred day moving average price of $32.14. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last posted its 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 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

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

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.