VICI Properties Inc. $VICI Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its stake in VICI Properties Inc. (NYSE:VICI) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 55,800 shares of the company’s stock after selling 900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in VICI Properties were worth $1,819,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in VICI Properties by 205.0% in 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 acquiring an additional 11,458,239 shares during the period. Northern Trust Corp lifted its holdings in VICI Properties by 13.2% in the 1st quarter. Northern Trust Corp now owns 13,743,229 shares of the company’s stock valued at $448,304,000 after purchasing an additional 1,606,559 shares in the last quarter. Invesco Ltd. lifted its holdings in VICI Properties by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,491,589 shares of the company’s stock valued at $440,096,000 after purchasing an additional 77,544 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in VICI Properties by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company’s stock valued at $402,700,000 after purchasing an additional 135,836 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in VICI Properties by 12.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,875,084 shares of the company’s stock valued at $322,125,000 after purchasing an additional 1,122,161 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VICI shares. Scotiabank raised their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Stifel Nicolaus raised their price objective on VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a report on Thursday, July 31st. JMP Securities set a $35.00 price objective on VICI Properties in a report on Tuesday, July 22nd. Mizuho raised their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of VICI Properties in a report on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

VICI Properties Stock Down 0.0%

NYSE VICI opened at $30.97 on Friday. 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 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $32.78 and its 200-day simple moving average is $32.36. The firm has a market cap of $33.03 billion, a PE ratio of 11.87, a P/E/G ratio of 3.09 and a beta of 0.72.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were issued a $0.45 dividend. This is an increase 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 5.8%. VICI Properties’s payout ratio is presently 68.97%.

About VICI Properties

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.