Price T Rowe Associates Inc. MD Grows Holdings in VICI Properties Inc. $VICI

Key Points

• Price T Rowe Associates Inc. MD significantly increased its holdings in VICI Properties Inc. by 205.0%, acquiring an additional 11,458,239 shares, bringing its total ownership to 17,047,082 shares valued at approximately $556 million.
• VICI Properties reported a net margin of 70.20% and quarterly revenue grew by 4.6% year-over-year, with earnings per share meeting consensus estimates at $0.60.
• The company declared a quarterly dividend of $0.4325 per share, which translates to an annualized yield of 5.2% and a dividend payout ratio of 66.28%.

Price T Rowe Associates Inc. MD lifted its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 205.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,047,082 shares of the company's stock after purchasing an additional 11,458,239 shares during the quarter. Price T Rowe Associates Inc. MD owned 1.61% of VICI Properties worth $556,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. NewEdge Advisors LLC increased its position in shares of VICI Properties by 756.8% during the 4th quarter. NewEdge Advisors LLC now owns 12,346 shares of the company's stock valued at $361,000 after purchasing an additional 10,905 shares during the last quarter. MML Investors Services LLC raised its position in VICI Properties by 16.0% in the fourth quarter. MML Investors Services LLC now owns 67,202 shares of the company's stock worth $1,963,000 after acquiring an additional 9,273 shares during the period. TD Waterhouse Canada Inc. increased its stake in shares of VICI Properties by 129.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,631 shares of the company's stock worth $106,000 after purchasing an additional 2,046 shares during the last quarter. MGO One Seven LLC increased its stake in shares of VICI Properties by 9.3% during the 4th quarter. MGO One Seven LLC now owns 18,282 shares of the company's stock worth $534,000 after purchasing an additional 1,556 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of VICI Properties by 22.7% during the 4th quarter. Voya Investment Management LLC now owns 430,147 shares of the company's stock worth $12,565,000 after purchasing an additional 79,568 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

NYSE VICI traded up $0.35 on Wednesday, hitting $33.80. The stock had a trading volume of 8,230,571 shares, compared to its average volume of 6,894,192. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. 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 $36.04 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 3.35 and a beta of 0.68. The firm has a 50-day moving average of $32.96 and a 200-day moving average of $32.13.

VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. During the same period in the prior year, the company posted $0.57 EPS. The business'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. Equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's payout ratio is currently 66.28%.

Analyst Ratings Changes

VICI has been the subject of several research analyst reports. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Wells Fargo & Company raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday. Morgan Stanley raised their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Stifel Nicolaus raised their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Robert W. Baird raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.50.

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.