American Century Companies Inc. Sells 857,475 Shares of VICI Properties Inc. $VICI

American Century Companies Inc. cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,395,053 shares of the company’s stock after selling 857,475 shares during the quarter. American Century Companies Inc. owned 0.69% of VICI Properties worth $241,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in VICI. Vanguard Group Inc. lifted its holdings in shares of VICI Properties by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock worth $5,086,097,000 after acquiring an additional 1,849,545 shares during the last quarter. Geode Capital Management LLC raised its position in VICI Properties by 7.1% during the second quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after purchasing an additional 2,281,688 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in VICI Properties by 7.5% during the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock worth $816,617,000 after purchasing an additional 1,755,385 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of VICI Properties by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock worth $711,043,000 after purchasing an additional 2,326,747 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of VICI Properties by 205.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock valued at $556,077,000 after purchasing an additional 11,458,239 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on VICI. Evercore ISI dropped their target price on VICI Properties from $38.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Cantor Fitzgerald decreased their price target on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. 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. JPMorgan Chase & Co. increased their target price on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Finally, Mizuho lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $35.38.

VICI Properties Stock Up 0.0%

Shares of NYSE VICI opened at $28.81 on Monday. The firm’s fifty day moving average is $31.09 and its 200 day moving average is $32.10. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.03. 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 company has a market cap of $30.79 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 2.87 and a beta of 0.72.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. 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 posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current 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 $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 6.2%. VICI Properties’s payout ratio is 68.70%.

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.