Ontario Teachers Pension Plan Board Raises Stock Holdings in VICI Properties Inc. $VICI

Ontario Teachers Pension Plan Board raised its stake in VICI Properties Inc. (NYSE:VICI) by 831.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 57,761 shares of the company’s stock after purchasing an additional 51,557 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in VICI Properties were worth $1,883,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of VICI Properties by 7.1% in the 2nd quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after acquiring an additional 2,281,688 shares during the period. Allianz Asset Management GmbH increased its holdings in VICI Properties by 7.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock valued at $816,617,000 after purchasing an additional 1,755,385 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in VICI Properties by 205.0% in the first 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 during the period. Northern Trust Corp lifted 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 worth $448,304,000 after purchasing an additional 1,606,559 shares in the last quarter. Finally, Invesco Ltd. lifted its stake 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 purchasing an additional 77,544 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Stifel Nicolaus lowered their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research report on Thursday. JMP Securities set a $35.00 price target on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, Evercore ISI reduced their price target on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $35.69.

VICI Properties Trading Down 0.3%

VICI opened at $30.37 on Monday. The business has a fifty day moving average price of $31.47 and a 200 day moving average price of $32.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.03. The stock has a market capitalization of $32.46 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 3.02 and a beta of 0.72.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the company earned $0.57 EPS. VICI Properties’s revenue for the quarter was up 4.4% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were paid a $0.45 dividend. 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 5.9%. The ex-dividend date was Thursday, September 18th. VICI Properties’s payout ratio is presently 68.70%.

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.