VICI Properties Inc. $VICI Stake Reduced by Van Lanschot Kempen Investment Management N.V.

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its holdings in VICI Properties Inc. by 58.0%, owning 331,364 shares after selling 457,623 shares in the first quarter.
• In the same quarter, other institutional investors also adjusted their positions, with Northern Trust Corp increasing its holdings by 13.2%, owning over 13.7 million shares valued at approximately $448 million.
• VICI Properties reported earnings of $0.60 per share, meeting analysts' expectations, with a revenue increase of 4.6% year-over-year, totaling $1 billion for the quarter.

Van Lanschot Kempen Investment Management N.V. decreased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 58.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331,364 shares of the company's stock after selling 457,623 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in VICI Properties were worth $10,809,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JT Stratford LLC grew its holdings in VICI Properties by 8.3% in the 1st quarter. JT Stratford LLC now owns 38,280 shares of the company's stock valued at $1,249,000 after buying an additional 2,924 shares during the period. Quantbot Technologies LP acquired a new position in shares of VICI Properties in the 1st quarter valued at about $155,000. Wellington Management Group LLP lifted its stake in shares of VICI Properties by 33.2% in the 1st quarter. Wellington Management Group LLP now owns 139,949 shares of the company's stock valued at $4,565,000 after purchasing an additional 34,903 shares in the last quarter. Korea Investment CORP lifted its stake in shares of VICI Properties by 29.0% in the 1st quarter. Korea Investment CORP now owns 956,257 shares of the company's stock valued at $31,193,000 after purchasing an additional 214,937 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of VICI Properties by 13.2% in 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. Hedge funds and other institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

VICI has been the topic of several research analyst reports. Morgan Stanley lifted their price objective 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. Robert W. Baird lifted their price objective 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 price objective on VICI Properties in a research note on Tuesday, July 22nd. Stifel Nicolaus lifted their price objective on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $35.40.

VICI Properties Stock Up 1.3%

Shares of VICI traded up $0.4340 during trading on Friday, reaching $33.3940. The company's stock had a trading volume of 11,904,588 shares, compared to its average volume of 7,145,639. The company has a fifty day moving average of $32.91 and a two-hundred day moving average of $32.07. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.29. The company has a market cap of $35.61 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 3.30 and a beta of 0.68. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62.

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, 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 business had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. During the same period in the previous year, the business 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, sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

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

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.