Intact Investment Management Inc. Sells 105,000 Shares of VICI Properties Inc. $VICI

Intact Investment Management Inc. reduced its stake in shares of VICI Properties Inc. (NYSE:VICI) by 62.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,300 shares of the company’s stock after selling 105,000 shares during the quarter. Intact Investment Management Inc.’s holdings in VICI Properties were worth $2,097,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI lifted its position in VICI Properties by 127.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 141,935 shares of the company’s stock valued at $4,629,000 after buying an additional 79,441 shares during the period. CIBC Asset Management Inc lifted its position in VICI Properties by 1.8% in the 3rd quarter. CIBC Asset Management Inc now owns 843,951 shares of the company’s stock valued at $27,521,000 after acquiring an additional 14,778 shares in the last quarter. Sagespring Wealth Partners LLC boosted its position in shares of VICI Properties by 5.9% during the third quarter. Sagespring Wealth Partners LLC now owns 21,353 shares of the company’s stock valued at $696,000 after buying an additional 1,199 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of VICI Properties during the 3rd quarter valued at about $222,000. Finally, Oxbow Advisors LLC boosted its holdings in VICI Properties by 0.3% in the third quarter. Oxbow Advisors LLC now owns 135,248 shares of the company’s stock worth $4,410,000 after purchasing an additional 401 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Barclays decreased their price target on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. The Goldman Sachs Group lowered their target price on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Wells Fargo & Company reissued an “equal weight” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Finally, Cantor Fitzgerald set a $33.00 price objective on shares of VICI Properties in a research report on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.31.

VICI Properties Price Performance

Shares of VICI stock opened at $28.51 on Tuesday. The stock has a 50 day moving average price of $28.30 and a 200 day moving average price of $30.83. VICI Properties Inc. has a 52-week low of $27.48 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The firm has a market capitalization of $30.47 billion, a P/E ratio of 10.88, a P/E/G ratio of 2.84 and a beta of 0.70.

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

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 6.3%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.