Robeco Institutional Asset Management B.V. Buys 174,275 Shares of VICI Properties Inc. $VICI

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in VICI Properties by 9.0%, acquiring an additional 174,275 shares during the second quarter.
• VICI Properties has announced a quarterly dividend of $0.45 per share, reflecting a 5.5% dividend yield, up from the previous $0.43.
• Analysts have a consensus rating of "Moderate Buy" for VICI Properties, with a target price averaging $36.00 following recent price adjustments by multiple investment firms.

Robeco Institutional Asset Management B.V. grew its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 9.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,103,780 shares of the company's stock after acquiring an additional 174,275 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.20% of VICI Properties worth $68,583,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Chesley Taft & Associates LLC increased its holdings in VICI Properties by 3.6% in the 2nd quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company's stock worth $304,000 after buying an additional 324 shares in the last quarter. Wright Investors Service Inc. increased its holdings in VICI Properties by 0.4% in the 2nd quarter. Wright Investors Service Inc. now owns 74,517 shares of the company's stock worth $2,429,000 after buying an additional 330 shares in the last quarter. Provident Investment Management Inc. increased its holdings in VICI Properties by 1.5% in the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company's stock worth $776,000 after buying an additional 350 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in VICI Properties by 8.5% in the 1st quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company's stock worth $150,000 after buying an additional 359 shares in the last quarter. Finally, Moran Wealth Management LLC increased its holdings in VICI Properties by 0.9% in the 1st quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock worth $1,324,000 after buying an additional 360 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Down 0.5%

VICI stock opened at $32.75 on Friday. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.03. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The stock has a market cap of $34.92 billion, a P/E ratio of 12.55, a PEG ratio of 3.28 and a beta of 0.72. The business's 50-day moving average price is $32.92 and its 200-day moving average price is $32.37.

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 for the quarter, meeting analysts' consensus estimates of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. During the same period in the previous year, the firm earned $0.57 EPS. The business's quarterly 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 research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Thursday, September 18th. This is an increase from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's payout ratio is presently 68.97%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Mizuho lifted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. JMP Securities set a $35.00 price objective on VICI Properties in a report on Tuesday, July 22nd. Scotiabank boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Finally, Cantor Fitzgerald initiated coverage on VICI Properties in a research note on Wednesday. They set an "overweight" rating and a $37.00 price target for the company. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.00.

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.

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