Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 27,100 Shares of VICI Properties Inc. $VICI

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund has reduced its stake in VICI Properties by 11.9%, owning 201,483 shares after selling 27,100 shares during the first quarter.
• VICI Properties reported a quarterly earnings per share (EPS) of $0.60, meeting analysts' consensus estimates, and its revenue was up 4.6% year-over-year.
• The company recently declared a quarterly dividend of $0.4325 per share, translating to an annualized yield of 5.3%.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 11.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 201,483 shares of the company's stock after selling 27,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in VICI Properties were worth $6,572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blackhawk Capital Partners LLC. lifted its position in VICI Properties by 102.3% in the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after purchasing an additional 9,967 shares during the last quarter. DigitalBridge Group Inc. bought a new stake in VICI Properties in the fourth quarter valued at approximately $4,282,000. Prevail Innovative Wealth Advisors LLC bought a new stake in VICI Properties in the first quarter valued at approximately $2,170,000. Gordian Capital Singapore Pte Ltd bought a new stake in VICI Properties in the fourth quarter valued at approximately $2,773,000. Finally, Columbus Macro LLC lifted its position in VICI Properties by 7.8% in the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock valued at $4,044,000 after purchasing an additional 8,967 shares during the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 0.2%

VICI stock traded up $0.0550 during midday trading on Thursday, hitting $33.0250. The stock had a trading volume of 3,176,747 shares, compared to its average volume of 6,801,557. The firm has a market cap of $35.22 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 3.25 and a beta of 0.68. The business has a 50-day moving average of $32.87 and a two-hundred day moving average of $32.02. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. 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 issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.