Harvest Portfolios Group Inc. Lowers Position in VICI Properties Inc. $VICI

Key Points

• Harvest Portfolios Group Inc. has reduced its stake in VICI Properties Inc. by 11.7% to a total of 138,944 shares, valued at approximately $4.53 million.
• Several institutional investors are actively modifying their holdings in VICI Properties, with notable increases from Blackhawk Capital Partners LLC by 102.3% and new positions from DigitalBridge Group Inc. and others.
• VICI Properties has reported earnings of $0.60 per share, matching analysts' expectations, and a revenue increase of 4.6% year-over-year, leading to a dividend yield of 5.2%.

Harvest Portfolios Group Inc. cut its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 11.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,944 shares of the company's stock after selling 18,347 shares during the quarter. Harvest Portfolios Group Inc.'s holdings in VICI Properties were worth $4,532,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in VICI. Price T Rowe Associates Inc. MD increased 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 purchasing an additional 11,458,239 shares in the last quarter. Nuveen LLC bought a new stake in VICI Properties in the first quarter worth approximately $320,179,000. Deutsche Bank AG increased 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 purchasing an additional 4,680,136 shares in the last quarter. American Century Companies Inc. increased 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 purchasing an additional 3,707,396 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in VICI Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock worth $354,512,000 after purchasing an additional 3,298,314 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

Shares of VICI stock traded down $0.21 during trading on Thursday, hitting $33.54. The company's stock had a trading volume of 7,280,157 shares, compared to its average volume of 8,039,731. The company has a market cap of $35.77 billion, a PE ratio of 12.85, a P/E/G ratio of 3.37 and a beta of 0.68. 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 business has a fifty day moving average of $33.01 and a 200-day moving average of $32.17. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) 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 company had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. During the same period in the prior year, the company posted $0.57 earnings per share. VICI Properties's quarterly 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, research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were given 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 was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is 66.28%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JMP Securities set a $35.00 price target on VICI Properties in a research note on Tuesday, July 22nd. Wells Fargo & Company upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday. Morgan Stanley boosted their price objective on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Robert W. Baird boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Citigroup reissued a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and a consensus target price of $35.55.

About VICI Properties

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.