IFM Investors Pty Ltd Has $15.02 Million Stock Position in VICI Properties Inc. $VICI

IFM Investors Pty Ltd decreased its stake in VICI Properties Inc. (NYSE:VICI) by 6.8% during the 1st quarter, HoldingsChannel reports. The fund owned 460,421 shares of the company’s stock after selling 33,766 shares during the period. IFM Investors Pty Ltd’s holdings in VICI Properties were worth $15,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of VICI. Captrust Financial Advisors boosted its stake in VICI Properties by 16.5% during the fourth quarter. Captrust Financial Advisors now owns 40,627 shares of the company’s stock worth $1,187,000 after buying an additional 5,766 shares in the last quarter. Cetera Investment Advisers boosted its stake in VICI Properties by 3.4% during the fourth quarter. Cetera Investment Advisers now owns 199,173 shares of the company’s stock worth $5,818,000 after buying an additional 6,485 shares in the last quarter. CoreCap Advisors LLC boosted its stake in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares in the last quarter. Focus Partners Wealth boosted its stake in VICI Properties by 1,944.5% during the fourth quarter. Focus Partners Wealth now owns 237,836 shares of the company’s stock worth $6,947,000 after buying an additional 226,203 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its stake in VICI Properties by 64.4% during the fourth quarter. Gotham Asset Management LLC now owns 116,130 shares of the company’s stock worth $3,392,000 after buying an additional 45,472 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Up 0.1%

Shares of NYSE VICI opened at $33.14 on Thursday. The stock has a market cap of $35.34 billion, a PE ratio of 12.70, a PEG ratio of 3.31 and a beta of 0.70. The business has a fifty day moving average of $33.16 and a two-hundred day moving average of $32.36. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. 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 (NYSE:VICI) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The company 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%.The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be issued a $0.45 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 66.28%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday. Scotiabank lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Finally, Citigroup reissued a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.75.

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.