VICI Properties Inc. $VICI Shares Acquired by Credit Agricole S A

Key Points

• Credit Agricole S A increased its stake in VICI Properties Inc. by 6.5% during the first quarter, owning 327,140 shares worth $10.67 million after acquiring additional shares.
• VICI Properties reported $1 billion in revenue for the quarter, exceeding analysts' expectations, and set its FY 2025 EPS guidance between 2.350-2.370.
• The company declared a quarterly dividend of $0.4325 per share, resulting in an annualized dividend yield of 5.2%.

Credit Agricole S A lifted its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 6.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 327,140 shares of the company's stock after purchasing an additional 19,908 shares during the quarter. Credit Agricole S A's holdings in VICI Properties were worth $10,671,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Blackhawk Capital Partners LLC. grew its stake in VICI Properties by 102.3% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after acquiring an additional 9,967 shares during the period. DigitalBridge Group Inc. acquired a new stake in VICI Properties in the 4th quarter valued at $4,282,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in VICI Properties in the 1st quarter valued at $2,170,000. Gordian Capital Singapore Pte Ltd acquired a new stake in VICI Properties in the 4th quarter valued at $2,773,000. Finally, Columbus Macro LLC grew its stake in VICI Properties by 7.8% in the 1st quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock valued at $4,044,000 after acquiring an additional 8,967 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Up 1.7%

NYSE VICI opened at $33.0350 on Thursday. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.29. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The business's fifty day simple moving average is $32.87 and its 200-day simple moving average is $32.02. The firm has a market cap of $35.23 billion, a PE ratio of 12.66, a P/E/G ratio of 3.25 and a beta of 0.68.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate 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 quarter in the previous year, the firm earned $0.57 EPS. The company's quarterly 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 anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Stifel Nicolaus raised their price objective on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Robert W. Baird raised their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. JMP Securities set a $35.00 price objective on VICI Properties in a report on Tuesday, July 22nd. Citigroup restated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, 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. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $35.40.

VICI Properties Company 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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