VICI Properties Inc. $VICI Stock Holdings Lessened by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd reduced its stake in VICI Properties by 6.8% during the first quarter, now holding 460,421 shares valued at approximately $15 million.
• Multiple equities analysts have recently raised their price targets for VICI Properties, with Wells Fargo increasing its target from $35.00 to $36.00, indicating strong market confidence.
• VICI Properties announced a quarterly dividend increase to $0.45, reflecting a positive change in its dividend policy, with a dividend yield of 5.4%.

IFM Investors Pty Ltd trimmed its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 6.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 460,421 shares of the company's stock after selling 33,766 shares during the quarter. IFM Investors Pty Ltd's holdings in VICI Properties were worth $15,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Blackhawk Capital Partners LLC. lifted its position in shares of VICI Properties by 102.3% in the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock worth $643,000 after purchasing an additional 9,967 shares in the last quarter. DigitalBridge Group Inc. bought a new position in VICI Properties during the fourth quarter valued at approximately $4,282,000. Prevail Innovative Wealth Advisors LLC bought a new position in VICI Properties during the first quarter valued at approximately $2,170,000. Gordian Capital Singapore Pte Ltd bought a new position in VICI Properties during the fourth quarter valued at approximately $2,773,000. Finally, Columbus Macro LLC raised its position in VICI Properties by 7.8% during the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock valued at $4,044,000 after acquiring an additional 8,967 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VICI shares. Wells Fargo & Company raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Morgan Stanley raised 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 report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday. Scotiabank raised 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, August 28th. Finally, Stifel Nicolaus raised their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.75.

VICI Properties Trading Up 0.1%

NYSE:VICI opened at $33.14 on Thursday. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.29. The firm has a market cap of $35.34 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 3.31 and a beta of 0.70. 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's 50 day moving average is $33.16 and its 200-day moving average is $32.36.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. The company 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 company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be paid a $0.45 dividend. The ex-dividend date is Thursday, September 18th. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 5.4%. VICI Properties's dividend payout ratio is 66.28%.

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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