Ameriprise Financial Inc. Has $82.53 Million Holdings in VICI Properties Inc. $VICI

Key Points

• Ameriprise Financial Inc. sold 64,848 shares of VICI Properties, reducing its stake by 2.3%, now owning about 0.26% of the company, valued at $82.5 million.
• VICI Properties reported $1 billion in revenue for the last quarter, slightly exceeding analyst expectations, and announced a quarterly dividend of $0.4325 per share with a yield of 5.2%.
• Despite recent sell-offs, the stock maintains a consensus rating of "Moderate Buy" with a target price of $35.40, bolstered by multiple analysts raising their price objectives.

Ameriprise Financial Inc. lessened its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,727,253 shares of the company's stock after selling 64,848 shares during the quarter. Ameriprise Financial Inc. owned about 0.26% of VICI Properties worth $82,528,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of VICI Properties during the 1st quarter worth about $29,000. AdvisorNet Financial Inc boosted its stake in shares of 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 acquiring an additional 786 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares in the last quarter. Avalon Trust Co bought a new stake in shares of VICI Properties during the 1st quarter worth about $35,000. Finally, Quarry LP boosted its stake in shares of VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after acquiring an additional 897 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

VICI Properties stock traded down $0.21 during trading hours on Thursday, hitting $33.54. The stock had a trading volume of 7,280,157 shares, compared to its average volume of 8,039,731. The company has a 50-day moving average of $33.01 and a two-hundred day moving average of $32.17. 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 company has a market cap of $35.77 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 3.37 and a beta of 0.68. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.29.

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, meeting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. During the same quarter in the prior year, the firm posted $0.57 EPS. The company'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. On average, equities research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business 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. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.2%. VICI Properties's dividend payout ratio is presently 66.28%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VICI. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Stifel Nicolaus increased their target price on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Scotiabank restated an "outperform" rating on shares of VICI Properties in a research note on Thursday. Robert W. Baird increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Morgan Stanley increased their target price on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Ten 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 currently 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.