VICI Properties Inc. $VICI Shares Acquired by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in VICI Properties by 33.2%, now owning 139,949 shares valued at approximately $4.57 million.
• Several other major investors have modified their positions, with Quarry LP increasing its stake by 404.1% in the last quarter.
• VICI Properties announced a quarterly dividend of $0.4325 per share, providing an annualized yield of 5.1%.

Wellington Management Group LLP grew its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 33.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,949 shares of the company's stock after acquiring an additional 34,903 shares during the period. Wellington Management Group LLP's holdings in VICI Properties were worth $4,565,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in VICI Properties during the 1st quarter worth about $29,000. CoreCap Advisors LLC boosted 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 worth $30,000 after buying an additional 1,000 shares during the last quarter. Quarry LP grew its holdings in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after acquiring an additional 897 shares during the period. AdvisorNet Financial Inc raised its position in VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after acquiring an additional 786 shares in the last quarter. Finally, Avalon Trust Co acquired a new position in VICI Properties in the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

VICI stock traded up $0.21 during midday trading on Thursday, reaching $33.61. The stock had a trading volume of 885,314 shares, compared to its average volume of 6,890,459. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The company's fifty day simple moving average is $33.10 and its 200 day simple moving average is $32.26. The company has a market cap of $35.84 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 3.37 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last posted 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 firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be given a $0.45 dividend. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.4%. VICI Properties's dividend payout ratio is 66.28%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Scotiabank raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research report on Tuesday, July 22nd. Morgan Stanley increased their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Stifel Nicolaus lifted their price target on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's 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 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.