UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 1,122,161 Shares of VICI Properties Inc. $VICI

Key Points

• UBS Asset Management increased its stake in VICI Properties Inc. by 12.8%, acquiring an additional 1,122,161 shares during the first quarter, bringing its total ownership to approximately $322 million.
• Analysts have raised their price targets for VICI Properties, with an average target now at $35.75, indicating a consensus rating of "Moderate Buy".
• VICI Properties has recently declared a quarterly dividend of $0.45 per share, resulting in an annualized dividend yield of 5.4%, an increase from the previous quarter's dividend of $0.43.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 12.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,875,084 shares of the company's stock after buying an additional 1,122,161 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.93% of VICI Properties worth $322,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VICI. Wayfinding Financial LLC bought a new position in shares of VICI Properties in the first quarter valued at $29,000. CoreCap Advisors LLC grew its stake in shares of VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after buying an additional 1,000 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after buying an additional 786 shares in the last quarter. Avalon Trust Co bought a new position in shares of VICI Properties in the first quarter valued at $35,000. Finally, Investment Management Corp VA ADV boosted its position in VICI Properties by 171.3% during the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock worth $37,000 after purchasing an additional 709 shares during the period. 97.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on VICI. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Finally, JMP Securities set a $35.00 price objective on shares of VICI Properties in a research report on Tuesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, VICI Properties currently has a consensus rating of "Moderate Buy" and an average price target of $35.75.

VICI Properties Stock Up 0.1%

VICI opened at $33.14 on Thursday. The company has a market capitalization of $35.34 billion, a P/E ratio of 12.70, a P/E/G ratio of 3.31 and a beta of 0.70. The stock has a fifty day moving average of $33.16 and a 200-day moving average of $32.36. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two 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.

VICI Properties (NYSE:VICI - Get Free Report) last issued 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 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 firm earned $0.57 earnings per share. 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 analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Thursday, September 18th. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's dividend payout ratio (DPR) is currently 66.28%.

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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