Uniplan Investment Counsel Inc. Has $23.67 Million Holdings in VICI Properties Inc. $VICI

Key Points

• Uniplan Investment Counsel Inc. reduced its holdings in VICI Properties Inc. by 6.0%, now owning 725,519 shares valued at approximately $23.67 million.
• Several large investors, including Price T Rowe Associates and Deutsche Bank AG, significantly increased their stakes in VICI Properties during the first quarter.
• VICI Properties recently announced a quarterly dividend of $0.45 per share, with an annualized yield of 5.4%, reflecting a positive adjustment from its previous dividend of $0.43.

Uniplan Investment Counsel Inc. trimmed its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 725,519 shares of the company's stock after selling 46,320 shares during the period. VICI Properties comprises about 2.3% of Uniplan Investment Counsel Inc.'s investment portfolio, making the stock its 11th largest holding. Uniplan Investment Counsel Inc. owned about 0.07% of VICI Properties worth $23,666,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of VICI. Price T Rowe Associates Inc. MD lifted its position in VICI Properties by 205.0% in the 1st 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 in the last quarter. Nuveen LLC bought a new stake in shares of VICI Properties in the first quarter valued at about $320,179,000. Deutsche Bank AG boosted its position in shares of VICI Properties by 172.4% during the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock worth $241,229,000 after buying an additional 4,680,136 shares during the period. American Century Companies Inc. grew its holdings in shares of VICI Properties by 81.6% during the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company's stock worth $269,197,000 after buying an additional 3,707,396 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of VICI Properties by 2,437.5% during the fourth quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock worth $98,982,000 after buying an additional 3,255,078 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JMP Securities set a $35.00 price objective on shares of VICI Properties in a report on Tuesday, July 22nd. Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wells Fargo & Company increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Morgan Stanley raised their price objective on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Finally, Scotiabank upped their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.55.

VICI Properties Stock Performance

Shares of VICI opened at $33.60 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a 50-day moving average of $33.15 and a 200-day moving average of $32.32. The company has a market cap of $35.82 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 3.36 and a beta of 0.70. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29.

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

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Thursday, September 18th. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's payout ratio is presently 68.97%.

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.

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