Amundi Increases Stake in VICI Properties Inc.

Amundi has increased its stake in VICI Properties Inc. (NYSE:VICI) by 1.2% during the fourth quarter, as per the latest filing with the Securities and Exchange Commission (SEC). This new filing indicates that Amundi now holds a total of 3,215,968 shares of VICI Properties after acquiring an additional 37,370 shares during the quarter. At the close of the last reporting period, the value of Amundi's holdings in VICI Properties was approximately $92,716,000, which represents about 0.31% of the company.

A variety of other institutional investors have also made adjustments to their holdings in VICI Properties. For instance, Larson Financial Group LLC increased its position in the company by 16.3% in the fourth quarter, bringing its total ownership to 72,358 shares valued at $2,114,000. PNC Financial Services Group Inc. also elevated its stake by 7.5%, now holding 101,424 shares worth around $2,963,000. Moreover, Andra AP fonden has increased its holdings in VICI Properties by 38.5%, owning 468,100 shares valued at $13,673,000 after acquiring an additional 130,100 shares in the last quarter. Edgestream Partners L.P. entered into a new position worth approximately $1,586,000 during this period. Finally, Ashton Thomas Private Wealth LLC saw a 7.3% increase in its holdings, owning 32,634 shares worth $967,000 after buying an additional 2,232 shares. Collectively, institutional investors and hedge funds control about 97.71% of VICI Properties' stock.

Market Insights on VICI Properties

Several analysts from major financial institutions have shared their insights regarding VICI Properties. For instance, Truist Financial has reduced its price target for VICI Properties from $40.00 to $35.00 while maintaining a "buy" rating. Meanwhile, KeyCorp reaffirmed a "sector weight" rating in a note published on December 17th. On the other hand, Wedbush revised its stance, lowering the company from a "strong-buy" rating to a "hold" rating in an update provided in January. Mizuho also adjusted its target price from $33.00 to $30.00 while keeping an "outperform" rating for the stock. Stifel Nicolaus increased its price target from $33.75 to $34.00 and reaffirmed a "buy" rating. Currently, there have been three analysts who have issued a hold rating and eight analysts assigning a buy rating, resulting in a consensus average rating of "Moderate Buy" with a target price of $34.20, according to data gathered from analysts.

Current Performance of VICI Properties

As of Tuesday, VICI Properties shares opened at $32.61. The stock has experienced fluctuations over the past year, with a 52-week low of $27.08 and a high of $34.29. Financial indicators show that the company has a quick ratio and current ratio of 2.61 and a debt-to-equity ratio of 0.63. The 50-day simple moving average stands at $30.22, while the 200-day simple moving average is at $31.48. VICI Properties has a market capitalization of $34.45 billion, a price-to-earnings ratio of 12.74, and a price-to-earnings-growth ratio of 3.88.

Recent Earnings and Dividend Announcement

VICI Properties recently reported its earnings for the last quarter ending February 20th. The company disclosed earnings per share (EPS) of $0.57, which fell short of analysts' expectations of $0.67 by a margin of $0.10. The revenue for the quarter reached $976.05 million, slightly exceeding analysts' predictions of $969.29 million. The business demonstrated a return on equity of 10.24% with a net margin of 69.59%. Looking ahead, analysts predict an EPS of 2.31 for the current fiscal year.

Additionally, the company has announced a quarterly dividend set for payment on April 3rd. Shareholders who are on record as of March 20th will receive a dividend of $0.4325 per share, which translates to an annualized dividend of $1.73 and a yield of 5.30%. The ex-dividend date is also March 20th. Currently, VICI Properties' dividend payout ratio stands at 67.58%.

About VICI Properties

VICI Properties Inc is recognized as a leader in the S&P 500 and operates as a real estate investment trust (REIT) specializing in properties that deliver exceptional gaming, hospitality, and entertainment experiences. Key assets in its portfolio include iconic venues such as Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas, all of which are among the most celebrated entertainment locations along the Las Vegas Strip.

Investment, Stocks, Dividends