Pinion Investment Advisors LLC Lowers Holdings in VICI Properties Inc. $VICI

Key Points

• Pinion Investment Advisors LLC significantly reduced its holdings in VICI Properties by 45.2% in the second quarter, selling 17,871 shares for a total of 21,661 shares owned.
• VICI Properties increased its quarterly dividend from $0.43 to $0.45, representing a yield of 5.8% and an annualized payout of $1.80.
• Several institutional investors, including Price T Rowe Associates and Deutsche Bank, made substantial increases to their stakes in VICI Properties during the first quarter, indicating growing confidence in the stock.

Pinion Investment Advisors LLC lowered its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 45.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,661 shares of the company's stock after selling 17,871 shares during the quarter. Pinion Investment Advisors LLC's holdings in VICI Properties were worth $706,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VICI. Price T Rowe Associates Inc. MD lifted its holdings in VICI Properties by 205.0% in the first 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 during the period. Nuveen LLC acquired a new stake in VICI Properties in the first quarter valued at $320,179,000. Deutsche Bank AG lifted its holdings in VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock valued at $241,229,000 after acquiring an additional 4,680,136 shares during the period. American Century Companies Inc. lifted its holdings 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 valued at $269,197,000 after acquiring an additional 3,707,396 shares during the period. Finally, Bahl & Gaynor Inc. acquired a new stake in VICI Properties in the first quarter valued at $99,701,000. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Trading Down 1.5%

Shares of VICI stock opened at $30.97 on Friday. The firm has a 50-day moving average price of $32.82 and a 200 day moving average price of $32.36. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.03. The company has a market capitalization of $33.03 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 3.13 and a beta of 0.72. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. During the same quarter in the previous year, the company posted $0.57 EPS. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a $0.45 dividend. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 5.8%. VICI Properties's dividend payout ratio (DPR) is presently 68.97%.

Analysts Set New Price Targets

VICI has been the subject of several research reports. Morgan Stanley lifted their price target on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Cantor Fitzgerald initiated coverage on VICI Properties in a research note on Wednesday, October 1st. They set an "overweight" rating and a $37.00 price target for the company. Wells Fargo & Company lifted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, Scotiabank lifted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $36.00.

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.

Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.