Vestcor Inc Has $14.15 Million Position in VICI Properties Inc. $VICI

Vestcor Inc increased its stake in VICI Properties Inc. (NYSE:VICIFree Report) by 23.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 503,255 shares of the company’s stock after purchasing an additional 96,198 shares during the period. Vestcor Inc’s holdings in VICI Properties were worth $14,152,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Citigroup Inc. boosted its position in VICI Properties by 117.1% during the third quarter. Citigroup Inc. now owns 3,136,663 shares of the company’s stock valued at $102,287,000 after purchasing an additional 1,691,653 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in VICI Properties by 24.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 891,188 shares of the company’s stock worth $24,817,000 after purchasing an additional 173,013 shares in the last quarter. Bank of America Corp DE lifted its position in shares of VICI Properties by 17.9% during the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after buying an additional 3,968,349 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of VICI Properties by 43.8% during the third quarter. California Public Employees Retirement System now owns 3,454,904 shares of the company’s stock valued at $112,664,000 after buying an additional 1,052,393 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of VICI Properties in the 3rd quarter valued at about $13,926,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VICI shares. Barclays boosted their price objective on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a report on Monday, May 4th. Robert W. Baird reduced their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Mizuho reissued a “neutral” rating and issued a $30.00 price objective on shares of VICI Properties in a research report on Wednesday, March 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Friday, March 27th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.38.

Read Our Latest Analysis on VICI Properties

VICI Properties Stock Up 2.5%

NYSE:VICI opened at $27.88 on Friday. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a twelve month low of $26.55 and a twelve month high of $34.01. The company has a market cap of $29.81 billion, a PE ratio of 9.55 and a beta of 0.65. The company’s 50 day moving average is $28.16 and its two-hundred day moving average is $28.45.

VICI Properties (NYSE:VICIGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.58 earnings per share. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.5%. The ex-dividend date is Thursday, June 18th. VICI Properties’s payout ratio is presently 61.64%.

VICI Properties Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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