VICI Properties Inc. $VICI Stake Boosted by Adams Diversified Equity Fund Inc.

Key Points

• Adams Diversified Equity Fund Inc. increased its stake in VICI Properties Inc. by 24.7%, owning 421,600 shares valued at approximately $13.74 million following additional purchases in Q2.
• Multiple institutional investors, including Price T Rowe Associates Inc. and Nuveen LLC, have significantly boosted their positions in VICI Properties, highlighting strong institutional interest.
• VICI Properties announced a dividend increase to $0.45 per share, up from $0.43, representing an annualized yield of 5.8%.

Adams Diversified Equity Fund Inc. grew its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 24.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 421,600 shares of the company's stock after purchasing an additional 83,400 shares during the quarter. Adams Diversified Equity Fund Inc.'s holdings in VICI Properties were worth $13,744,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VICI. Price T Rowe Associates Inc. MD boosted its position in shares of VICI Properties by 205.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company's stock worth $556,077,000 after buying an additional 11,458,239 shares during the period. Nuveen LLC acquired a new position in shares of VICI Properties during the first quarter worth approximately $320,179,000. Deutsche Bank AG boosted its position in shares of VICI Properties by 172.4% during the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock worth $241,229,000 after buying an additional 4,680,136 shares during the period. American Century Companies Inc. boosted its position in shares of VICI Properties by 81.6% during the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company's stock worth $269,197,000 after buying an additional 3,707,396 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of VICI Properties during the second quarter worth approximately $110,366,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VICI has been the subject of several analyst reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of VICI Properties in a research report on Wednesday, October 8th. Barclays upped their target price on VICI Properties from $36.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday. JMP Securities set a $35.00 target price on VICI Properties in a research report on Tuesday, July 22nd. Wells Fargo & Company upped their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Finally, Citigroup restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.08.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $31.20 on Wednesday. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03. The stock has a fifty day moving average of $32.48 and a 200-day moving average of $32.32. The company has a market capitalization of $33.27 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 3.11 and a beta of 0.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 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 during the quarter, compared to the consensus estimate of $991.59 million. During the same quarter in the prior 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 EPS for the current fiscal year.

VICI Properties Increases Dividend

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

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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