Nordea Investment Management AB Acquires 2,139 Shares of VICI Properties Inc. $VICI

Nordea Investment Management AB grew its holdings in VICI Properties Inc. (NYSE:VICI) by 4.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 52,797 shares of the company’s stock after buying an additional 2,139 shares during the quarter. Nordea Investment Management AB’s holdings in VICI Properties were worth $1,704,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC bought a new position in shares of VICI Properties in the first quarter worth $29,000. Hoey Investments Inc. bought a new position in VICI Properties in the 2nd quarter worth about $33,000. Avalon Trust Co purchased a new position in VICI Properties during the 1st quarter valued at about $35,000. Investment Management Corp VA ADV increased its position in shares of VICI Properties by 171.3% during the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after buying an additional 709 shares during the period. Finally, Kestra Investment Management LLC increased its position in shares of VICI Properties by 55.5% during the first quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock valued at $58,000 after buying an additional 634 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of analyst reports. 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. Cantor Fitzgerald initiated coverage on shares of VICI Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $37.00 price target for the company. Citigroup restated a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Barclays upped their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Evercore ISI lifted their price objective on VICI Properties from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Thirteen 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.08.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $31.28 on Thursday. The company’s fifty day moving average price is $32.45 and its 200-day moving average price is $32.31. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $33.35 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 3.11 and a beta of 0.72. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03.

VICI Properties (NYSE:VICI) last released its earnings results 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 business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $991.59 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The firm’s 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, equities research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 5.8%. VICI Properties’s dividend payout ratio (DPR) 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.