Geode Capital Management LLC Buys 2,281,688 Shares of VICI Properties Inc. $VICI

Geode Capital Management LLC raised its position in shares of VICI Properties Inc. (NYSE:VICI) by 7.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,618,730 shares of the company’s stock after purchasing an additional 2,281,688 shares during the period. Geode Capital Management LLC’s holdings in VICI Properties were worth $1,144,400,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VICI. Price T Rowe Associates Inc. MD grew its position in VICI Properties by 205.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after acquiring an additional 11,458,239 shares during the last quarter. Nuveen LLC bought a new stake in VICI Properties in the first quarter valued at $320,179,000. Deutsche Bank AG raised its holdings in VICI Properties by 172.4% in the 1st quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock worth $241,229,000 after purchasing an additional 4,680,136 shares in the last quarter. American Century Companies Inc. increased its position in shares of VICI Properties by 81.6% during 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 period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in VICI Properties in the second quarter worth about $110,366,000. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Mizuho lifted their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Weiss Ratings cut VICI Properties from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, November 7th. Wells Fargo & Company increased their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. JMP Securities set a $35.00 price target on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, Citigroup reissued a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $35.69.

VICI Properties Stock Down 0.3%

VICI Properties stock opened at $30.55 on Thursday. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.03. The stock has a fifty day simple moving average of $31.60 and a two-hundred day simple moving average of $32.21. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The firm has a market cap of $32.65 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 3.05 and a beta of 0.72.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the company earned $0.57 EPS. VICI Properties’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 analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were issued a $0.45 dividend. 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 5.9%. The ex-dividend date was Thursday, September 18th. VICI Properties’s dividend payout ratio is 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.