VICI Properties Inc. $VICI is Pensionfund DSM Netherlands’ 8th Largest Position

Pensionfund DSM Netherlands trimmed its holdings in VICI Properties Inc. (NYSE:VICI) by 7.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 172,000 shares of the company’s stock after selling 14,000 shares during the quarter. VICI Properties comprises 3.7% of Pensionfund DSM Netherlands’ investment portfolio, making the stock its 8th largest holding. Pensionfund DSM Netherlands’ holdings in VICI Properties were worth $5,611,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in VICI. Price T Rowe Associates Inc. MD raised its holdings in shares of VICI Properties by 205.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock valued at $556,077,000 after buying an additional 11,458,239 shares during the last quarter. Nuveen LLC purchased a new stake in shares of VICI Properties in the first quarter valued at about $320,179,000. Deutsche Bank AG raised its holdings in shares of VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock valued at $241,229,000 after buying an additional 4,680,136 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of VICI Properties by 81.6% in the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company’s stock valued at $269,197,000 after buying an additional 3,707,396 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of VICI Properties by 2,437.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company’s stock valued at $98,982,000 after buying an additional 3,255,078 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Trading Up 0.0%

NYSE VICI 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. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The firm has a 50-day moving average price of $33.15 and a 200 day moving average price 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 (NYSE:VICI) last issued its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same period in the prior year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders 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 an increase from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 5.4%. VICI Properties’s dividend payout ratio (DPR) is currently 68.97%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VICI. Morgan Stanley upped their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. JMP Securities set a $35.00 price target on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, Wells Fargo & Company increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $35.83.

VICI Properties Company 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.