Prudential PLC Sells 53,171 Shares of VICI Properties Inc. $VICI

Key Points

• Prudential PLC reduced its holdings in VICI Properties Inc. by 76.1%, selling 53,171 shares and currently owning 16,673 shares valued at approximately $544,000.
• VICI Properties reported earnings of $0.60 per share for the last quarter, meeting analysts' expectations with a revenue increase of 4.6% year-over-year to $1 billion.
• Institutional investors now own 97.71% of VICI Properties, with several major firms increasing their stakes, including Deutsche Bank AG by 172.4% and Nuveen LLC with a new stake valued at $320 million.

Prudential PLC trimmed its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 76.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,673 shares of the company's stock after selling 53,171 shares during the period. Prudential PLC's holdings in VICI Properties were worth $544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blackhawk Capital Partners LLC. increased its stake in VICI Properties by 102.3% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after buying an additional 9,967 shares during the last quarter. DigitalBridge Group Inc. acquired a new stake in VICI Properties in the 4th quarter valued at $4,282,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in VICI Properties in the 1st quarter valued at $2,170,000. Gordian Capital Singapore Pte Ltd acquired a new stake in VICI Properties in the 4th quarter valued at $2,773,000. Finally, Columbus Macro LLC increased its stake in VICI Properties by 7.8% in the 1st quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock valued at $4,044,000 after buying an additional 8,967 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI stock traded up $0.0750 during midday trading on Thursday, hitting $33.0450. 2,701,140 shares of the company were exchanged, compared to its average volume of 6,799,702. 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 firm has a market capitalization of $35.24 billion, a P/E ratio of 12.66, a PEG ratio of 3.25 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. The firm's 50 day moving average price is $32.87 and its two-hundred day moving average price is $32.02.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. 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. As a group, equities research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.2%. VICI Properties's payout ratio is currently 66.28%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. JMP Securities set a $35.00 price target on shares of VICI Properties in a research note on Tuesday, July 22nd. Truist Financial lifted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Robert W. Baird lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley lifted their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Nine 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.40.

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.