Korea Investment CORP Grows Position in VICI Properties Inc. $VICI

Key Points

• Korea Investment CORP increased its stake in VICI Properties Inc. by 29.0% in the first quarter, now owning 0.09% of the company worth approximately $31.19 million.
• VICI Properties reported a net margin of 70.20% with earnings per share of $0.60 for the quarter, meeting analysts' expectations, alongside a revenue increase of 4.6% year-over-year.
• The company announced a quarterly dividend of $0.4325 per share, resulting in an annualized dividend yield of 5.3%.

Korea Investment CORP boosted its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 29.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 956,257 shares of the company's stock after acquiring an additional 214,937 shares during the period. Korea Investment CORP owned 0.09% of VICI Properties worth $31,193,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Transce3nd LLC purchased a new position in VICI Properties during the fourth quarter valued at approximately $28,000. Wayfinding Financial LLC purchased a new stake in shares of VICI Properties during the first quarter worth about $29,000. CoreCap Advisors LLC increased its stake in shares of VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares in the last quarter. Quarry LP increased its stake in shares of 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 purchasing an additional 897 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its stake in VICI Properties by 362.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after buying an additional 786 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 1.3%

VICI stock traded up $0.4340 during trading on Friday, hitting $33.3940. 11,904,588 shares of the company's stock were exchanged, compared to its average volume of 7,145,639. The stock has a market capitalization of $35.61 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 3.30 and a beta of 0.68. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The business has a 50-day moving average price of $32.91 and a two-hundred day moving average price of $32.07.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The firm's revenue for the quarter 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 expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently commented on VICI. Robert W. Baird boosted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Morgan Stanley upped 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 note on Tuesday, July 8th. JMP Securities set a $35.00 price target on VICI Properties in a research report on Tuesday, July 22nd. Finally, Citigroup restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently 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.