Voya Investment Management LLC Lowers Holdings in VICI Properties Inc. $VICI

Voya Investment Management LLC decreased its position in VICI Properties Inc. (NYSE:VICI) by 19.9% during the third quarter, HoldingsChannel.com reports. The firm owned 246,492 shares of the company’s stock after selling 61,210 shares during the quarter. Voya Investment Management LLC’s holdings in VICI Properties were worth $8,038,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. increased its holdings in VICI Properties by 85.3% in the 2nd quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock worth $669,000 after buying an additional 9,451 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of VICI Properties by 5.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock valued at $77,638,000 after acquiring an additional 122,796 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of VICI Properties during the second quarter valued at approximately $4,972,000. Prudential PLC raised its holdings in shares of VICI Properties by 2,890.2% during the second quarter. Prudential PLC now owns 498,555 shares of the company’s stock valued at $16,253,000 after purchasing an additional 481,882 shares during the last quarter. Finally, Invesco Ltd. lifted its position in VICI Properties by 7.0% during the second quarter. Invesco Ltd. now owns 14,436,449 shares of the company’s stock valued at $470,628,000 after purchasing an additional 944,860 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Evercore ISI reaffirmed an “in-line” rating and issued a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. JPMorgan Chase & Co. raised their target price on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Cantor Fitzgerald reduced their price target on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Stifel Nicolaus lowered their price objective 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. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.36.

VICI Properties Price Performance

NYSE VICI opened at $27.75 on Wednesday. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties Inc. has a 12 month low of $27.56 and a 12 month high of $34.03. The stock has a market cap of $29.65 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 2.77 and a beta of 0.70. The company’s 50 day moving average is $29.43 and its two-hundred day moving average is $31.58.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current 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 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Wednesday, December 17th. VICI Properties’s dividend payout ratio is presently 68.70%.

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.