Livforsakringsbolaget Skandia Omsesidigt Takes $260,000 Position in VICI Properties Inc. $VICI

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has acquired 7,900 shares of VICI Properties Inc. valued at approximately **$260,000**, marking its entrance into the company's stock during Q2.
• VICI Properties has raised its quarterly dividend to **$0.45**, resulting in an annual yield of **5.5%**, reflecting a positive change from its previous dividend of **$0.43**.
• Analysts have a consensus rating of **"Moderate Buy"** for VICI Properties, with an average price target increase to **$35.92**, indicating positive sentiment about the stock's future performance.

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,900 shares of the company's stock, valued at approximately $260,000.

Several other large investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in VICI Properties by 205.0% in 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 acquiring an additional 11,458,239 shares in the last quarter. Northern Trust Corp increased its stake in shares of VICI Properties by 13.2% in the 1st quarter. Northern Trust Corp now owns 13,743,229 shares of the company's stock valued at $448,304,000 after buying an additional 1,606,559 shares during the period. Invesco Ltd. boosted its position in shares of VICI Properties by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,491,589 shares of the company's stock worth $440,096,000 after purchasing an additional 77,544 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of VICI Properties by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company's stock worth $402,700,000 after purchasing an additional 135,836 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of VICI Properties by 12.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,875,084 shares of the company's stock worth $322,125,000 after purchasing an additional 1,122,161 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Performance

Shares of VICI Properties stock traded down $0.27 during mid-day trading on Friday, hitting $31.85. 19,307,147 shares of the stock were exchanged, compared to its average volume of 7,645,263. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.03. The company has a 50-day simple moving average of $33.08 and a 200 day simple moving average of $32.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market capitalization of $33.96 billion, a P/E ratio of 12.20, a P/E/G ratio of 3.18 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting analysts' consensus estimates of $0.60. The company had revenue of $1 billion for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Thursday, September 18th. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's payout ratio is presently 68.97%.

Analyst Upgrades and Downgrades

VICI has been the topic of several recent research reports. Stifel Nicolaus raised their price target on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. JMP Securities set a $35.00 target price on VICI Properties in a report on Tuesday, July 22nd. Mizuho upped their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. 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, August 27th. Finally, JPMorgan Chase & Co. boosted their price target on VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $35.92.

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.