VICI Properties Inc. $VICI Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,705,425 shares of the company’s stock after purchasing an additional 199,820 shares during the period. Legal & General Group Plc owned approximately 1.19% of VICI Properties worth $414,197,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. grew its position in VICI Properties by 489.2% during the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after acquiring an additional 724 shares during the period. Hoey Investments Inc. purchased a new stake in shares of VICI Properties during the 2nd quarter worth about $33,000. Avalon Trust Co acquired a new stake in VICI Properties during the 1st quarter worth approximately $35,000. Investment Management Corp VA ADV lifted its position in VICI Properties by 171.3% during the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after buying an additional 709 shares in the last quarter. Finally, Bell Investment Advisors Inc lifted its holdings in shares of VICI Properties by 32.7% during the 2nd quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after acquiring an additional 351 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VICI has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Mizuho boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. upped their target price on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday. Finally, Evercore ISI dropped their target price on VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $35.38.

VICI Properties Price Performance

VICI opened at $28.81 on Friday. The company has a market capitalization of $30.79 billion, a P/E ratio of 11.00, a PEG ratio of 2.87 and a beta of 0.72. The company has a 50-day moving average of $31.09 and a 200-day moving average of $32.09. 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 Inc. has a 1-year low of $27.98 and a 1-year high of $34.03.

VICI Properties (NYSE:VICI) last posted its quarterly 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 return on equity of 10.17% and a net margin of 70.18%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the firm earned $0.57 earnings per share. The company’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. Equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued a $0.45 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.2%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

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.