VICI Properties Inc. $VICI Position Decreased by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd reduced its holdings in VICI Properties by 6.1% in the second quarter, now owning 432,376 shares valued at approximately $14.1 million.
• Analysts have increased their price targets for VICI Properties, with Wells Fargo and Scotiabank both raising their targets to $36.00 and maintaining an "overweight" and "outperform" rating, respectively.
• VICI Properties announced a quarterly dividend of $0.45 per share, marking an increase from the previous $0.43 and offering a dividend yield of 5.7%.

IFM Investors Pty Ltd trimmed its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 432,376 shares of the company's stock after selling 28,045 shares during the period. IFM Investors Pty Ltd's holdings in VICI Properties were worth $14,095,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in VICI Properties by 205.0% during the 1st 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 in the last quarter. Nuveen LLC acquired a new position in VICI Properties in the first quarter worth about $320,179,000. Deutsche Bank AG grew its stake 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. grew its stake 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, Mackenzie Financial Corp grew its position in shares of VICI Properties by 2,437.5% in the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock worth $98,982,000 after acquiring an additional 3,255,078 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Mizuho lifted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Scotiabank lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. lifted their price target on shares of VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Finally, Morgan Stanley lifted their target price on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.92.

VICI Properties Stock Performance

VICI Properties stock traded down $0.41 during midday trading on Monday, reaching $31.44. 6,572,359 shares of the stock traded hands, compared to its average volume of 7,034,030. 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 firm has a fifty day moving average price of $33.08 and a two-hundred day moving average price of $32.37. The firm has a market cap of $33.52 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 3.18 and a beta of 0.70. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.03.

VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. The firm had revenue of $1 billion during 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. On average, equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be given a $0.45 dividend. The ex-dividend date is Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a yield of 5.7%. This is a boost from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's payout ratio is currently 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.