Mubadala Investment Co PJSC Boosts Stock Position in VICI Properties Inc. $VICI

Key Points

• Mubadala Investment Co PJSC increased its holdings in VICI Properties Inc. by 6.0%, acquiring an additional 7,572 shares, bringing its total to 134,677 shares worth approximately $4.39 million.
• VICI Properties reported earnings of $0.60 EPS for the last quarter, meeting analyst expectations, with quarterly revenue of $1 billion—a 4.6% increase year-over-year.
• The company declared a quarterly dividend of $0.4325 per share, representing a yield of 5.1%, with a payout ratio of 66.28%.

Mubadala Investment Co PJSC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,677 shares of the company's stock after buying an additional 7,572 shares during the period. VICI Properties comprises about 0.0% of Mubadala Investment Co PJSC's holdings, making the stock its 11th largest position. Mubadala Investment Co PJSC's holdings in VICI Properties were worth $4,393,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Baird Financial Group Inc. lifted its holdings in VICI Properties by 7.4% during the first quarter. Baird Financial Group Inc. now owns 1,669,610 shares of the company's stock worth $54,463,000 after acquiring an additional 115,152 shares during the period. Kodai Capital Management LP bought a new stake in VICI Properties during the first quarter worth $17,020,000. The Manufacturers Life Insurance Company lifted its holdings in VICI Properties by 5.9% during the first quarter. The Manufacturers Life Insurance Company now owns 962,338 shares of the company's stock worth $31,391,000 after acquiring an additional 53,304 shares during the period. HGI Capital Management LLC bought a new stake in VICI Properties during the first quarter worth $6,129,000. Finally, Eisler Capital Management Ltd. bought a new stake in VICI Properties during the first quarter worth $9,533,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

Shares of NYSE:VICI traded up $0.03 during midday trading on Thursday, reaching $33.43. 1,876,919 shares of the company traded hands, compared to its average volume of 6,897,254. 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 12 month low of $27.98 and a 12 month high of $34.29. The firm has a market capitalization of $35.64 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 3.37 and a beta of 0.70. The firm's fifty day moving average price is $33.10 and its two-hundred day moving average price is $32.26.

VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting 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 during the quarter, compared to analysts' expectations of $991.59 million. During the same period in the previous year, the business earned $0.57 earnings per share. The firm's 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, equities analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The firm 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 dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.4%. This is a boost from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's payout ratio is presently 66.28%.

Analyst Ratings Changes

VICI has been the topic of several research reports. Scotiabank boosted their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. JMP Securities set a $35.00 target price on VICI Properties in a research note on Tuesday, July 22nd. Stifel Nicolaus boosted their target price on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company boosted their target price on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $35.55.

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.