Groupe la Francaise Purchases 25,311 Shares of VICI Properties Inc. $VICI

Groupe la Francaise boosted its position in shares of VICI Properties Inc. (NYSE:VICI) by 14.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 195,408 shares of the company’s stock after buying an additional 25,311 shares during the quarter. Groupe la Francaise’s holdings in VICI Properties were worth $6,344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in VICI. Norges Bank bought a new position in shares of VICI Properties during the second quarter valued at about $486,945,000. Price T Rowe Associates Inc. MD increased its holdings in VICI Properties by 205.0% during 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 during the period. Nuveen LLC purchased a new position in VICI Properties during the 1st quarter valued at about $320,179,000. Deutsche Bank AG raised its position in VICI Properties by 172.4% during 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 during the last quarter. Finally, American Century Companies Inc. lifted its holdings in VICI Properties by 81.6% in the 1st 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. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.6%

Shares of NYSE VICI opened at $28.43 on Wednesday. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.03. The stock has a market cap of $30.39 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 2.85 and a beta of 0.70. The firm has a 50-day moving average of $30.60 and a 200 day moving average of $31.96. 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 (NYSE:VICI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. The business’s revenue 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. As a group, sell-side analysts expect 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. Investors 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 of this dividend was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.3%. VICI Properties’s dividend payout ratio is 68.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VICI shares. Wells Fargo & Company reissued an “equal weight” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Mizuho upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. Barclays raised their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of VICI Properties in a research report on Monday. Finally, JPMorgan Chase & Co. raised their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

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.