1832 Asset Management L.P. Has $28.81 Million Holdings in VICI Properties Inc. $VICI

1832 Asset Management L.P. increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 15.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 883,706 shares of the company’s stock after purchasing an additional 115,496 shares during the quarter. 1832 Asset Management L.P.’s holdings in VICI Properties were worth $28,809,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Plan Group Financial LLC lifted its stake in VICI Properties by 15.7% in the 2nd quarter. Plan Group Financial LLC now owns 52,608 shares of the company’s stock valued at $1,715,000 after purchasing an additional 7,124 shares during the last quarter. Groupe la Francaise increased its holdings in shares of VICI Properties by 14.9% during the second quarter. Groupe la Francaise now owns 195,408 shares of the company’s stock worth $6,344,000 after buying an additional 25,311 shares in the last quarter. Beacon Pointe Advisors LLC lifted its stake in shares of VICI Properties by 3.2% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 172,991 shares of the company’s stock valued at $5,639,000 after acquiring an additional 5,308 shares during 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 in the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in shares of VICI Properties by 47.4% during the 2nd quarter. Edgestream Partners L.P. now owns 307,456 shares of the company’s stock valued at $10,023,000 after acquiring an additional 98,898 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $27.96 on Friday. The business has a 50-day moving average price of $30.44 and a two-hundred day moving average price of $31.91. VICI Properties Inc. has a 1-year low of $27.94 and a 1-year high of $34.03. 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 company has a market cap of $29.88 billion, a P/E ratio of 10.67, a PEG ratio of 2.82 and a beta of 0.70.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 6.4%. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of VICI Properties in a report on Monday. Mizuho boosted their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. 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 research note on Tuesday, November 18th. Cantor Fitzgerald cut their target price on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Stifel Nicolaus reduced their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.71.

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.