VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Shares in VICI Properties Inc. $VICI

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in VICI Properties Inc. (NYSE:VICI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,385,457 shares of the company’s stock, valued at approximately $110,366,000. VICI Properties makes up approximately 0.8% of VIRGINIA RETIREMENT SYSTEMS ET Al’s investment portfolio, making the stock its 20th largest position.

Several other institutional investors also recently bought and sold shares of VICI. Wealth Enhancement Advisory Services LLC boosted its stake in shares of VICI Properties by 11.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 264,037 shares of the company’s stock worth $8,613,000 after acquiring an additional 26,403 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in VICI Properties in the 1st quarter worth approximately $282,000. United Advisor Group LLC boosted its position in VICI Properties by 28.3% during the first quarter. United Advisor Group LLC now owns 9,529 shares of the company’s stock worth $311,000 after purchasing an additional 2,099 shares during the period. Blue Trust Inc. grew its holdings in VICI Properties by 98.8% during the first quarter. Blue Trust Inc. now owns 3,350 shares of the company’s stock valued at $109,000 after purchasing an additional 1,665 shares during the last quarter. Finally, Advisor Resource Council acquired a new position in VICI Properties during the first quarter valued at approximately $1,180,000. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VICI shares. Weiss Ratings restated a “buy (b-)” rating on shares of VICI Properties in a research note on Wednesday, October 8th. Morgan Stanley boosted their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Mizuho raised their price target on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Evercore ISI boosted their price objective on VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Finally, Wells Fargo & Company increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.00.

VICI Properties Stock Up 0.5%

Shares of VICI opened at $30.89 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The company has a 50-day simple moving average of $32.55 and a 200-day simple moving average of $32.32. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.03. The firm has a market capitalization of $32.94 billion, a P/E ratio of 11.84, a P/E/G ratio of 3.07 and a beta of 0.72.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The firm 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 period in the previous year, the company posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 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 company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.8%. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is 68.97%.

VICI Properties Company 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.