Nomura Asset Management Co. Ltd. Increases Stock Position in VICI Properties Inc. $VICI

Nomura Asset Management Co. Ltd. grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 3.9% in the second quarter, HoldingsChannel reports. The firm owned 1,855,701 shares of the company’s stock after buying an additional 70,197 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in VICI Properties were worth $60,496,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VICI. Chesley Taft & Associates LLC boosted its stake in VICI Properties by 3.6% during the second quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock valued at $304,000 after buying an additional 324 shares during the last quarter. Wright Investors Service Inc. increased its stake in VICI Properties by 0.4% in the 2nd quarter. Wright Investors Service Inc. now owns 74,517 shares of the company’s stock worth $2,429,000 after acquiring an additional 330 shares during the last quarter. Provident Investment Management Inc. raised its holdings in shares of VICI Properties by 1.5% during the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company’s stock worth $776,000 after acquiring an additional 350 shares in the last quarter. Bell Investment Advisors Inc boosted its position 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 during the last quarter. Finally, Leo Wealth LLC boosted its position in shares of VICI Properties by 5.7% during the 2nd quarter. Leo Wealth LLC now owns 7,271 shares of the company’s stock valued at $237,000 after acquiring an additional 391 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Trading Down 0.7%

VICI stock opened at $30.14 on Tuesday. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.03. The stock has a market capitalization of $32.22 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $31.41 and its two-hundred day simple moving average is $32.17.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.0%. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Mizuho lifted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Barclays boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Wells Fargo & Company upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Finally, Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.69.

VICI Properties Company Profile

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.