VICI Properties Inc. $VICI Shares Sold by Pensionfund Sabic

Pensionfund Sabic cut its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 8.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 141,000 shares of the company’s stock after selling 13,000 shares during the period. VICI Properties comprises approximately 1.4% of Pensionfund Sabic’s investment portfolio, making the stock its 9th biggest holding. Pensionfund Sabic’s holdings in VICI Properties were worth $4,599,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blackhawk Capital Partners LLC. grew its position in VICI Properties by 102.3% during the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company’s stock valued at $643,000 after buying an additional 9,967 shares during the period. DigitalBridge Group Inc. acquired a new stake in VICI Properties during the fourth quarter valued at $4,282,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in VICI Properties during the first quarter valued at $2,170,000. Gordian Capital Singapore Pte Ltd acquired a new stake in VICI Properties during the fourth quarter valued at $2,773,000. Finally, Columbus Macro LLC grew its position in VICI Properties by 7.8% during the first quarter. Columbus Macro LLC now owns 123,983 shares of the company’s stock valued at $4,044,000 after buying an additional 8,967 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on VICI shares. JPMorgan Chase & Co. raised their price target on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley raised their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Wells Fargo & Company raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Stifel Nicolaus lifted their target price on shares of VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Scotiabank boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.83.

VICI Properties Stock Up 0.0%

VICI stock opened at $33.16 on Friday. The stock has a market capitalization of $35.36 billion, a P/E ratio of 12.71, a P/E/G ratio of 3.31 and a beta of 0.70. The firm has a 50-day simple moving average of $33.15 and a 200-day simple moving average of $32.37. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.29.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. VICI Properties’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 5.4%. VICI Properties’s dividend payout ratio (DPR) is presently 68.97%.

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.