QRG Capital Management Inc. Reduces Holdings in VICI Properties Inc. $VICI

QRG Capital Management Inc. reduced its position in VICI Properties Inc. (NYSE:VICI) by 54.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 316,748 shares of the company’s stock after selling 381,652 shares during the quarter. QRG Capital Management Inc.’s holdings in VICI Properties were worth $10,329,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in VICI Properties by 204.4% during the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after acquiring an additional 25,234 shares during the last quarter. Woodline Partners LP grew its position in shares of VICI Properties by 41.3% in the first quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock valued at $2,905,000 after purchasing an additional 26,017 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of VICI Properties by 45.6% in the second quarter. Parallel Advisors LLC now owns 15,684 shares of the company’s stock valued at $511,000 after purchasing an additional 4,915 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of VICI Properties by 18.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 4,167 shares of the company’s stock valued at $136,000 after purchasing an additional 636 shares during the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new position in VICI Properties during the second quarter worth approximately $235,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI Properties stock opened at $28.98 on Friday. The company’s 50 day simple moving average is $28.52 and its 200-day simple moving average is $31.04. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. VICI Properties Inc. has a 1 year low of $27.48 and a 1 year high of $34.03. The company has a market capitalization of $30.97 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 2.88 and a beta of 0.70.

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

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s payout ratio is currently 68.70%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group dropped their target price on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 28th. Stifel Nicolaus dropped their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Evercore ISI reiterated an “in-line” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Mizuho dropped their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, December 17th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and an average target price of $34.31.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.