Kodai Capital Management LP Invests $17.02 Million in VICI Properties Inc. $VICI

Key Points

• Kodai Capital Management LP invested approximately $17.02 million in VICI Properties Inc. by purchasing 521,780 shares, according to their recent Form 13F filing.
• Multiple institutional investors have increased their stakes in VICI, leading to a current institutional ownership of 97.71% of the company's stock.
• VICI Properties reported earnings of $0.60 per share for the last quarter, meeting analysts' expectations, with a revenue increase of 4.6% year-over-year, totaling $1 billion.

Kodai Capital Management LP purchased a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 521,780 shares of the company's stock, valued at approximately $17,020,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position 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 valued at $556,077,000 after purchasing an additional 11,458,239 shares during the period. Northern Trust Corp lifted its position in VICI Properties by 13.2% during the 1st quarter. Northern Trust Corp now owns 13,743,229 shares of the company's stock valued at $448,304,000 after purchasing an additional 1,606,559 shares during the period. Invesco Ltd. lifted its position in VICI Properties by 0.6% during the 1st quarter. Invesco Ltd. now owns 13,491,589 shares of the company's stock valued at $440,096,000 after purchasing an additional 77,544 shares during the period. Charles Schwab Investment Management Inc. lifted its position in VICI Properties by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company's stock valued at $402,700,000 after purchasing an additional 135,836 shares during the period. Finally, Nuveen LLC acquired a new position in VICI Properties during the 1st quarter valued at about $320,179,000. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Down 1.4%

Shares of NYSE VICI traded down $0.48 during trading hours on Tuesday, hitting $33.30. The company had a trading volume of 6,307,638 shares, compared to its average volume of 6,925,713. The stock has a market capitalization of $35.51 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 3.37 and a beta of 0.70. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The firm's 50 day moving average is $33.07 and its 200-day moving average is $32.25.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 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 the consensus estimate of $991.59 million. During the same quarter in the prior year, the firm posted $0.57 EPS. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VICI. Scotiabank lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Wells Fargo & Company upped their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. JMP Securities set a $35.00 target price on VICI Properties in a report on Tuesday, July 22nd. Finally, Morgan Stanley increased their price target on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.55.

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.