Invesco Ltd. Buys 944,860 Shares of VICI Properties Inc. $VICI

Invesco Ltd. increased its stake in VICI Properties Inc. (NYSE:VICI) by 7.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,436,449 shares of the company’s stock after purchasing an additional 944,860 shares during the quarter. Invesco Ltd. owned 1.35% of VICI Properties worth $470,628,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VICI. Vanguard Group Inc. increased its position in VICI Properties by 1.2% during the second quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock valued at $5,086,097,000 after acquiring an additional 1,849,545 shares during the last quarter. Geode Capital Management LLC boosted its position in VICI Properties by 7.1% in the second quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock worth $1,144,400,000 after purchasing an additional 2,281,688 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of VICI Properties by 7.5% during 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 period. JPMorgan Chase & Co. increased its position in shares of VICI Properties by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock valued at $711,043,000 after purchasing an additional 2,326,747 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of 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 last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Trading Down 1.2%

Shares of VICI Properties stock opened at $27.96 on Friday. VICI Properties Inc. has a fifty-two week low of $27.94 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The company has a market capitalization of $29.88 billion, a P/E ratio of 10.67, a P/E/G ratio of 2.82 and a beta of 0.70. The company has a fifty day moving average of $30.44 and a 200 day moving average of $31.91.

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

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.4%. The ex-dividend date is Wednesday, December 17th. VICI Properties’s dividend payout ratio is presently 68.70%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Evercore ISI restated an “in-line” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a research report on Monday. JPMorgan Chase & Co. boosted 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, September 10th. Mizuho upped their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Cantor Fitzgerald decreased their target price on VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, Scotiabank upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.71.

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.