VICI Properties Inc. $VICI Shares Acquired by Forsta AP Fonden

Forsta AP Fonden increased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 9.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 487,400 shares of the company’s stock after acquiring an additional 40,600 shares during the quarter. Forsta AP Fonden’s holdings in VICI Properties were worth $15,889,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Chesley Taft & Associates LLC lifted its stake in VICI Properties by 3.6% in the 2nd quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock worth $304,000 after purchasing an additional 324 shares in the last quarter. Wright Investors Service Inc. increased its holdings in shares of VICI Properties by 0.4% in the second quarter. Wright Investors Service Inc. now owns 74,517 shares of the company’s stock valued at $2,429,000 after purchasing an additional 330 shares during the last quarter. Provident Investment Management Inc. lifted its position in VICI Properties by 1.5% during the first quarter. Provident Investment Management Inc. now owns 23,785 shares of the company’s stock worth $776,000 after buying an additional 350 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in VICI Properties by 8.5% during the first quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company’s stock worth $150,000 after buying an additional 359 shares during the last quarter. Finally, Leo Wealth LLC boosted its stake in VICI Properties by 5.7% during the second quarter. Leo Wealth LLC now owns 7,271 shares of the company’s stock worth $237,000 after buying an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on VICI. Barclays raised their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Stifel Nicolaus cut their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. JMP Securities set a $35.00 target price on shares of VICI Properties in a report on Tuesday, July 22nd. Evercore ISI cut their price target on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Finally, Weiss Ratings cut VICI Properties from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, November 7th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.69.

VICI Properties Price Performance

VICI Properties stock opened at $30.55 on Thursday. The company’s 50 day simple moving average is $31.60 and its 200-day simple moving average is $32.21. 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 $27.98 and a 1 year high of $34.03. The company has a market capitalization of $32.65 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72.

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. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio is currently 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.