VICI Properties Inc. $VICI Shares Bought by Shell Asset Management Co.

Shell Asset Management Co. raised its position in VICI Properties Inc. (NYSE:VICI) by 111.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 91,809 shares of the company’s stock after acquiring an additional 48,293 shares during the period. Shell Asset Management Co.’s holdings in VICI Properties were worth $2,993,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of VICI Properties by 205.0% in the 1st 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 in the last quarter. Nuveen LLC purchased a new position in shares of VICI Properties in the 1st quarter valued at about $320,179,000. Deutsche Bank AG increased its holdings in shares of VICI Properties by 172.4% in the 1st quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock valued at $241,229,000 after purchasing an additional 4,680,136 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of VICI Properties by 81.6% in the 1st quarter. American Century Companies Inc. now owns 8,252,528 shares of the company’s stock valued at $269,197,000 after purchasing an additional 3,707,396 shares in the last quarter. Finally, Bahl & Gaynor Inc. purchased a new position in shares of VICI Properties in the 1st quarter valued at about $99,701,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $31.97 on Wednesday. The company has a market cap of $34.09 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 3.22 and a beta of 0.72. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.03. 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 company has a 50-day simple moving average of $32.88 and a 200-day simple moving average of $32.37.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $1 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, equities analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be given a $0.45 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties’s dividend payout ratio is 68.97%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VICI shares. Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Evercore ISI increased their price target on shares of VICI Properties from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Mizuho raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Weiss Ratings restated a “buy (b-)” rating on shares of VICI Properties in a report on Saturday, September 27th. Finally, Morgan Stanley raised their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $36.00.

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.