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

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of VICI Properties Inc. (NYSE:VICI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,385,457 shares of the company’s stock, valued at approximately $110,366,000. VICI Properties makes up about 0.8% of VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings, making the stock its 20th largest holding. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.32% of VICI Properties as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Wayfinding Financial LLC bought a new stake in shares of VICI Properties during the 1st quarter worth $29,000. Hoey Investments Inc. purchased a new stake in shares of VICI Properties during the second quarter valued at $33,000. Avalon Trust Co purchased a new stake in shares of VICI Properties during the first quarter valued at $35,000. Investment Management Corp VA ADV boosted its position in shares of VICI Properties by 171.3% in the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after purchasing an additional 709 shares during the period. Finally, Kestra Investment Management LLC increased its stake in VICI Properties by 55.5% in the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after purchasing an additional 634 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

VICI has been the subject of several recent analyst reports. Evercore ISI raised their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Cantor Fitzgerald assumed coverage on shares of VICI Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $37.00 price objective for the company. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research report on Tuesday, July 22nd. 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 report on Wednesday, August 27th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

VICI Properties Stock Up 0.5%

VICI stock opened at $30.89 on Friday. The company has a 50 day moving average of $32.55 and a two-hundred day moving average of $32.32. The company has a market cap of $32.94 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 3.07 and a beta of 0.72. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. VICI Properties’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, equities analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share 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 dividend of $0.45 per share. The ex-dividend date was Thursday, September 18th. This represents a $1.80 annualized dividend and a dividend yield of 5.8%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio is presently 68.97%.

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.