VICI Properties Inc. $VICI Stock Holdings Lessened by LDR Capital Management LLC

LDR Capital Management LLC lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 17.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,704 shares of the company’s stock after selling 32,234 shares during the quarter. VICI Properties makes up approximately 7.6% of LDR Capital Management LLC’s holdings, making the stock its 4th largest holding. LDR Capital Management LLC’s holdings in VICI Properties were worth $5,143,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of VICI Properties in the second quarter valued at $486,945,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in VICI Properties during the 2nd quarter worth $110,366,000. Cbre Investment Management Listed Real Assets LLC grew its position in VICI Properties by 125.4% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,587,940 shares of the company’s stock valued at $182,167,000 after acquiring an additional 3,108,475 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in VICI Properties by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock valued at $711,043,000 after purchasing an additional 2,326,747 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 2,281,688 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Performance

VICI opened at $28.96 on Tuesday. The company has a market capitalization of $30.95 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 2.88 and a beta of 0.70. VICI Properties Inc. has a 1-year low of $27.48 and a 1-year high of $34.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The business has a 50 day moving average price of $28.49 and a two-hundred day moving average price of $31.00.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 6.2%. VICI Properties’s dividend payout ratio is currently 68.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Evercore ISI reaffirmed an “in-line” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. The Goldman Sachs Group reduced their price objective on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Stifel Nicolaus cut their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Mizuho decreased their price objective on VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Finally, Barclays cut their target price on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $34.31.

VICI Properties Company 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.