VICI Properties Inc. $VICI Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in VICI Properties Inc. (NYSE:VICI) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,747,176 shares of the company’s stock after selling 46,165 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.45% of VICI Properties worth $154,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of VICI Properties by 2.4% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,466,757 shares of the company’s stock valued at $113,051,000 after acquiring an additional 81,300 shares during the period. D.A. Davidson & CO. grew its stake in VICI Properties by 85.3% in the 2nd quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock valued at $669,000 after acquiring an additional 9,451 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in VICI Properties by 5.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock worth $77,638,000 after acquiring an additional 122,796 shares during the last quarter. Swedbank AB grew its position in shares of VICI Properties by 4.0% in the third quarter. Swedbank AB now owns 4,874,730 shares of the company’s stock valued at $158,965,000 after purchasing an additional 188,690 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new position in shares of VICI Properties during the 2nd quarter worth approximately $4,972,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VICI has been the topic of several recent research reports. The Goldman Sachs Group reduced their price objective on VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Stifel Nicolaus reduced their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Barclays dropped their price objective on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.31.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $27.88 on Tuesday. The company has a market cap of $29.79 billion, a P/E ratio of 10.64, a PEG ratio of 2.76 and a beta of 0.70. VICI Properties Inc. has a one year low of $27.48 and a one year high of $34.03. The business’s 50-day simple moving average is $28.67 and its 200 day simple moving average is $31.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60.

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

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 annualized dividend and a yield of 6.5%. VICI Properties’s dividend payout ratio is currently 68.70%.

VICI Properties 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.