VICI Properties Inc. $VICI Shares Bought by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs grew its stake in shares of VICI Properties Inc. (NYSE:VICI) by 13.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,638 shares of the company’s stock after acquiring an additional 6,682 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in VICI Properties were worth $1,781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Keeler Thomas Management LLC acquired a new position in shares of VICI Properties during the 2nd quarter valued at about $2,335,000. Catalyst Capital Advisors LLC increased its stake in shares of VICI Properties by 1.7% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 32,648 shares of the company’s stock valued at $1,064,000 after acquiring an additional 540 shares during the last quarter. AlTi Global Inc. acquired a new position in shares of VICI Properties during the 2nd quarter valued at about $507,000. Bleakley Financial Group LLC increased its stake in shares of VICI Properties by 8.9% during the 2nd quarter. Bleakley Financial Group LLC now owns 42,363 shares of the company’s stock valued at $1,381,000 after acquiring an additional 3,477 shares during the last quarter. Finally, Principle Wealth Partners LLC acquired a new position in shares of VICI Properties during the 2nd quarter valued at about $208,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VICI. Barclays upped their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Stifel Nicolaus boosted their target price on VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Morgan Stanley boosted their target price on VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Wells Fargo & Company boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Finally, Evercore ISI boosted their target price on VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.08.

VICI Properties Stock Down 0.6%

Shares of NYSE:VICI opened at $31.24 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.03. The stock has a market capitalization of $33.31 billion, a P/E ratio of 11.97, a PEG ratio of 3.11 and a beta of 0.72. The stock has a 50-day simple moving average of $32.40 and a 200-day simple moving average of $32.35.

VICI Properties (NYSE:VICI) last released 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 during the quarter, compared to analysts’ expectations of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.VICI Properties’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. 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 year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a $0.45 dividend. The ex-dividend date was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a yield of 5.8%. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio (DPR) is currently 68.97%.

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.