VICI Properties Inc. $VICI Shares Bought by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in VICI Properties Inc. by 1.6%, owning approximately 666,479 shares valued at $21.7 million at the end of the second quarter.
• Institutional investors collectively own 97.71% of VICI Properties, indicating strong investor confidence in the company.
• VICI recently raised its quarterly dividend from $0.43 to $0.45, resulting in an annualized dividend of $1.80 and a yield of 5.8%.

TD Asset Management Inc lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 666,479 shares of the company's stock after acquiring an additional 10,611 shares during the quarter. TD Asset Management Inc owned about 0.06% of VICI Properties worth $21,727,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in VICI Properties by 205.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company's stock valued at $556,077,000 after purchasing an additional 11,458,239 shares in the last quarter. Northern Trust Corp boosted its stake in VICI Properties by 13.2% during the first quarter. Northern Trust Corp now owns 13,743,229 shares of the company's stock valued at $448,304,000 after buying an additional 1,606,559 shares in the last quarter. Invesco Ltd. grew its holdings in VICI Properties by 0.6% during the first quarter. Invesco Ltd. now owns 13,491,589 shares of the company's stock worth $440,096,000 after acquiring an additional 77,544 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in VICI Properties by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company's stock worth $402,700,000 after acquiring an additional 135,836 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in VICI Properties by 12.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,875,084 shares of the company's stock worth $322,125,000 after acquiring an additional 1,122,161 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

VICI has been the subject of several research reports. Weiss Ratings restated a "buy (b-)" rating on shares of VICI Properties in a research report on Wednesday, October 8th. Mizuho raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. Evercore ISI lifted their price target on shares of VICI Properties from $37.00 to $38.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Scotiabank increased their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Finally, Cantor Fitzgerald began coverage on VICI Properties in a report on Wednesday, October 1st. They issued an "overweight" rating and a $37.00 target price on the stock. Thirteen 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 a consensus rating of "Moderate Buy" and a consensus target price of $36.00.

VICI Properties Price Performance

VICI stock opened at $30.89 on Friday. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03. The firm has a 50-day moving average of $32.55 and a two-hundred day moving average of $32.31. The firm has a market capitalization of $32.94 billion, a PE ratio of 11.84, a P/E/G ratio of 3.06 and a beta of 0.72. 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 (NYSE:VICI - Get Free Report) last released its quarterly 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. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.8%. This is a boost from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties's payout ratio is 68.97%.

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.

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