Landscape Capital Management L.L.C. Cuts Stock Position in VICI Properties Inc. $VICI

Key Points

• Landscape Capital Management L.L.C. reduced its stake in VICI Properties Inc. by 39.2%, owning 24,724 shares valued at $806,000 after selling 15,944 shares during the first quarter.
• Several institutional investors made notable increases in their holdings of VICI Properties, with Quarry LP boosting its position by 404.1% in the fourth quarter.
• Analysts maintain a positive outlook for VICI Properties, with a consensus rating of "Moderate Buy" and an average price target of $35.55.

Landscape Capital Management L.L.C. cut its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 39.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,724 shares of the company's stock after selling 15,944 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in VICI Properties were worth $806,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VICI. Quarry LP increased its position in shares of VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after buying an additional 897 shares in the last quarter. Lido Advisors LLC increased its position in shares of VICI Properties by 15.7% during the fourth quarter. Lido Advisors LLC now owns 13,017 shares of the company's stock worth $386,000 after purchasing an additional 1,762 shares in the last quarter. AQR Capital Management LLC increased its position in shares of VICI Properties by 207.3% during the fourth quarter. AQR Capital Management LLC now owns 1,283,244 shares of the company's stock worth $37,342,000 after purchasing an additional 865,682 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of VICI Properties by 57.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 194,592 shares of the company's stock worth $5,684,000 after purchasing an additional 71,300 shares in the last quarter. Finally, AXA S.A. increased its position in shares of VICI Properties by 19.5% during the fourth quarter. AXA S.A. now owns 129,617 shares of the company's stock worth $3,786,000 after purchasing an additional 21,147 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley boosted their price target on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. JMP Securities set a $35.00 price target on VICI Properties in a research report on Tuesday, July 22nd. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Wells Fargo & Company boosted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Stifel Nicolaus upped their target price on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Ten 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 has an average rating of "Moderate Buy" and an average price target of $35.55.

VICI Properties Stock Up 1.1%

Shares of NYSE:VICI opened at $33.87 on Friday. 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 business has a fifty day moving average of $33.04 and a two-hundred day moving average of $32.21. The stock has a market cap of $36.12 billion, a P/E ratio of 12.98, a PEG ratio of 3.37 and a beta of 0.68. 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 announced its quarterly earnings results 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 business had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same quarter in the prior year, the company posted $0.57 EPS. The company'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. On average, research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm 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 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio is 66.28%.

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.

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