Vanderbilt University Lowers Stake in VICI Properties Inc. $VICI

Key Points

• Vanderbilt University reduced its holdings in VICI Properties Inc. by 33.6%, now owning 74,857 shares valued at approximately $2.44 million.
• The company recently announced a quarterly dividend increase to $0.45 per share, yielding 5.5%, with an annualized amount of $1.80.
• VICI Properties reported earnings of $0.60 per share, meeting analysts' expectations, and revenue increased 4.6% year-over-year to $1 billion.

Vanderbilt University lessened its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 33.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,857 shares of the company's stock after selling 37,862 shares during the period. Vanderbilt University's holdings in VICI Properties were worth $2,440,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its stake in shares of 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 during the period. Northern Trust Corp grew its holdings in VICI Properties by 13.2% during the 1st quarter. Northern Trust Corp now owns 13,743,229 shares of the company's stock valued at $448,304,000 after purchasing an additional 1,606,559 shares in the last quarter. Invesco Ltd. grew its holdings in VICI Properties by 0.6% during the 1st quarter. Invesco Ltd. now owns 13,491,589 shares of the company's stock valued at $440,096,000 after purchasing an additional 77,544 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in VICI Properties by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company's stock valued at $402,700,000 after purchasing an additional 135,836 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in VICI Properties by 12.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,875,084 shares of the company's stock valued at $322,125,000 after purchasing an additional 1,122,161 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

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

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

VICI Properties Increases Dividend

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

Analyst Upgrades and Downgrades

VICI has been the subject of several recent analyst reports. Evercore ISI raised their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research report on Tuesday, July 22nd. 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. Stifel Nicolaus boosted their price target 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. Finally, Citigroup restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Twelve 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, VICI Properties presently has an average rating of "Moderate Buy" and an average target price of $36.00.

VICI Properties 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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