VICI Properties Inc. $VICI Shares Bought by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in VICI Properties by 13.2% during the first quarter, now owning approximately 1.30% of the company, valued at $448.3 million.
• VICI Properties reported a $1 billion revenue for the quarter ending July 30th, exceeding analysts' expectations, alongside an earnings per share (EPS) of $0.60.
• The company has announced a quarterly dividend of $0.4325, resulting in an annualized yield of 5.3% and a payout ratio of 66.28%.

Northern Trust Corp increased its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 13.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,743,229 shares of the company's stock after buying an additional 1,606,559 shares during the quarter. Northern Trust Corp owned about 1.30% of VICI Properties worth $448,304,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in shares of VICI Properties by 756.8% in the fourth quarter. NewEdge Advisors LLC now owns 12,346 shares of the company's stock valued at $361,000 after purchasing an additional 10,905 shares during the period. Commerce Bank raised its position in VICI Properties by 4.4% during the fourth quarter. Commerce Bank now owns 14,865 shares of the company's stock worth $434,000 after acquiring an additional 633 shares during the last quarter. MetLife Investment Management LLC raised its position in VICI Properties by 1.9% during the fourth quarter. MetLife Investment Management LLC now owns 309,762 shares of the company's stock worth $9,048,000 after acquiring an additional 5,775 shares during the last quarter. MML Investors Services LLC raised its position in VICI Properties by 16.0% during the fourth quarter. MML Investors Services LLC now owns 67,202 shares of the company's stock worth $1,963,000 after acquiring an additional 9,273 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in VICI Properties by 3.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 56,935 shares of the company's stock valued at $1,663,000 after purchasing an additional 2,060 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%

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 announced its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $991.59 million. During the same period in the prior year, the company posted $0.57 EPS. VICI Properties'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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were issued 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 of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is currently 66.28%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VICI. Robert W. Baird boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Morgan Stanley increased their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.