Resona Asset Management Co. Ltd. Sells 34,349 Shares of VICI Properties Inc. $VICI

Resona Asset Management Co. Ltd. lowered its stake in shares of VICI Properties Inc. (NYSE:VICI) by 5.1% in the second quarter, Holdings Channel reports. The institutional investor owned 636,664 shares of the company’s stock after selling 34,349 shares during the period. Resona Asset Management Co. Ltd.’s holdings in VICI Properties were worth $20,615,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its holdings in VICI Properties by 489.2% in the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after purchasing an additional 724 shares in the last quarter. Hoey Investments Inc. acquired a new stake in VICI Properties in the second quarter valued at approximately $33,000. Avalon Trust Co purchased a new position in VICI Properties in the first quarter worth $35,000. Investment Management Corp VA ADV grew its stake in VICI Properties by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock worth $37,000 after buying an additional 709 shares during the last quarter. Finally, Kestra Investment Management LLC increased its position in VICI Properties by 55.5% during the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock valued at $58,000 after buying an additional 634 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Down 1.3%

VICI Properties stock opened at $29.78 on Friday. The business’s 50-day moving average price is $31.85 and its 200 day moving average price is $32.27. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The firm has a market cap of $31.82 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 3.00 and a beta of 0.72. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.03.

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

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 6.0%. VICI Properties’s dividend payout ratio is presently 68.70%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VICI shares. JMP Securities set a $35.00 price objective on shares of VICI Properties in a report on Tuesday, July 22nd. Scotiabank upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. raised their price target on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Mizuho raised their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Finally, Cantor Fitzgerald reduced their price objective on VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $35.69.

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.