AGF Management Ltd. Reduces Stock Position in VICI Properties Inc. $VICI

AGF Management Ltd. lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 11.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 141,066 shares of the company’s stock after selling 18,157 shares during the quarter. AGF Management Ltd.’s holdings in VICI Properties were worth $4,599,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. Hantz Financial Services Inc. boosted its stake in shares of VICI Properties by 489.2% during the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after purchasing an additional 724 shares during the period. Hoey Investments Inc. purchased a new stake in VICI Properties in the 2nd quarter valued at about $33,000. Avalon Trust Co bought a new position in VICI Properties in the 1st quarter worth about $35,000. Investment Management Corp VA ADV increased its position in shares of VICI Properties by 171.3% during the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock worth $37,000 after acquiring an additional 709 shares during the period. Finally, Kestra Investment Management LLC increased its position in shares of VICI Properties by 55.5% during the first quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after acquiring an additional 634 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 1.8%

NYSE VICI opened at $30.33 on Monday. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.03. The company has a 50 day moving average price of $31.78 and a 200 day moving average price of $32.24. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The firm has a market cap of $32.41 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72.

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

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were paid a dividend of $0.45 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 5.9%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VICI. JMP Securities set a $35.00 price target on VICI Properties in a report on Tuesday, July 22nd. Stifel Nicolaus decreased their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Cantor Fitzgerald lowered their target price on VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday. Citigroup restated a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.69.

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.