VICI Properties Inc. $VICI Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group trimmed its position in VICI Properties Inc. (NYSE:VICI) by 47.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,660 shares of the company’s stock after selling 38,797 shares during the quarter. Schroder Investment Management Group’s holdings in VICI Properties were worth $1,423,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in VICI Properties by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company’s stock valued at $402,700,000 after acquiring an additional 135,836 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in VICI Properties by 13.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,649,306 shares of the company’s stock valued at $86,420,000 after purchasing an additional 316,474 shares during the period. Swiss National Bank lifted its stake in shares of VICI Properties by 0.5% in the 1st quarter. Swiss National Bank now owns 2,973,204 shares of the company’s stock valued at $96,986,000 after purchasing an additional 14,900 shares during the last quarter. Citigroup Inc. lifted its stake in shares of VICI Properties by 33.2% in the 1st quarter. Citigroup Inc. now owns 1,350,633 shares of the company’s stock valued at $44,058,000 after purchasing an additional 336,960 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of VICI Properties by 26.0% during the 1st quarter. National Bank of Canada FI now owns 357,663 shares of the company’s stock worth $11,667,000 after purchasing an additional 73,726 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VICI. Scotiabank upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Stifel Nicolaus reduced their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. 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. The Goldman Sachs Group dropped their target price on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of VICI Properties in a research report on Monday, December 1st. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.71.

VICI Properties Trading Down 1.0%

NYSE VICI opened at $27.71 on Friday. 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 firm has a market cap of $29.62 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 2.76 and a beta of 0.70. The firm has a 50 day simple moving average of $30.35 and a 200-day simple moving average of $31.88. VICI Properties Inc. has a one year low of $27.67 and a one year high of $34.03.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior 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. Equities research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Wednesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 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.