AG2R LA Mondiale Gestion D Actifs Raises Stake in VICI Properties Inc. $VICI

AG2R LA Mondiale Gestion D Actifs grew its stake in shares of VICI Properties Inc. (NYSE:VICI) by 13.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,638 shares of the company’s stock after purchasing an additional 6,682 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in VICI Properties were worth $1,781,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Keeler Thomas Management LLC purchased a new stake in shares of VICI Properties during the 2nd quarter worth $2,335,000. Catalyst Capital Advisors LLC boosted its position 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 worth $1,064,000 after purchasing an additional 540 shares in the last quarter. AlTi Global Inc. purchased a new stake in shares of VICI Properties during the 2nd quarter worth $507,000. Bleakley Financial Group LLC boosted its position 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 worth $1,381,000 after purchasing an additional 3,477 shares in the last quarter. Finally, Principle Wealth Partners LLC purchased a new stake in shares of VICI Properties during the 2nd quarter worth $208,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Wells Fargo & Company lifted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of VICI Properties in a research note on Friday. Stifel Nicolaus lifted their price target on VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Scotiabank lifted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $36.08.

VICI Properties Trading Down 0.6%

Shares of VICI stock opened at $31.24 on Friday. The firm has a 50-day moving average price of $32.40 and a 200 day moving average price of $32.35. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.03. The company has a market capitalization of $33.31 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 3.11 and a beta of 0.72. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. During the same quarter in the previous year, the company posted $0.57 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Thursday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio is presently 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.