VICI Properties Inc. $VICI Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its position in VICI Properties Inc. (NYSE:VICI) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 927,117 shares of the company’s stock after purchasing an additional 1,264 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of VICI Properties worth $30,224,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR raised its stake in VICI Properties by 82.8% in the 2nd quarter. Generali Asset Management SPA SGR now owns 48,790 shares of the company’s stock valued at $1,591,000 after purchasing an additional 22,094 shares during the last quarter. Sagespring Wealth Partners LLC grew its holdings in VICI Properties by 31.7% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 20,154 shares of the company’s stock valued at $657,000 after buying an additional 4,847 shares in the last quarter. TD Asset Management Inc grew its holdings in VICI Properties by 1.6% in the 2nd quarter. TD Asset Management Inc now owns 666,479 shares of the company’s stock valued at $21,727,000 after buying an additional 10,611 shares in the last quarter. Naviter Wealth LLC grew its holdings in VICI Properties by 12.8% in the 2nd quarter. Naviter Wealth LLC now owns 71,100 shares of the company’s stock valued at $2,346,000 after buying an additional 8,081 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in VICI Properties by 11.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 49,345 shares of the company’s stock valued at $1,609,000 after buying an additional 4,972 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VICI has been the subject of several analyst reports. JMP Securities set a $35.00 target price on VICI Properties in a report on Tuesday, July 22nd. Mizuho increased their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. Wells Fargo & Company increased their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Scotiabank increased their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. increased their price target on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $30.89 on Friday. The business has a 50-day moving average of $32.55 and a 200 day moving average of $32.31. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.03. The stock has a market capitalization of $32.94 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 3.06 and a beta of 0.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.59 million. During the same period last year, the business posted $0.57 EPS. VICI Properties’s revenue for the quarter was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were issued a dividend of $0.45 per share. 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 yield of 5.8%. VICI Properties’s dividend payout ratio (DPR) is 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.