VICI Properties Inc. $VICI Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in VICI Properties Inc. (NYSE:VICI) by 9.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 380,739 shares of the company’s stock after purchasing an additional 32,204 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in VICI Properties were worth $12,416,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of VICI. State of Wyoming bought a new stake in VICI Properties in the second quarter valued at about $26,000. Parvin Asset Management LLC acquired a new position in shares of VICI Properties in the 2nd quarter worth approximately $27,000. Headlands Technologies LLC bought a new stake in shares of VICI Properties in the 2nd quarter valued at approximately $28,000. Hantz Financial Services Inc. increased its holdings in shares of VICI Properties by 489.2% in the 2nd 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 last quarter. Finally, Hoey Investments Inc. acquired a new stake in shares of VICI Properties during the 2nd quarter valued at approximately $33,000. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the subject of several recent research reports. Stifel Nicolaus lowered their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Mizuho lowered their price objective on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, December 17th. Barclays cut their target price on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. The Goldman Sachs Group decreased their target price on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.31.

VICI Properties Stock Performance

VICI opened at $27.77 on Friday. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $28.71 and its 200-day moving average is $31.19. The stock has a market cap of $29.68 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 2.76 and a beta of 0.70. VICI Properties Inc. has a twelve month low of $27.48 and a twelve month high of $34.03.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share (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 analyst estimates of $1 billion. During the same period in the prior year, the company posted $0.57 EPS. The business’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. On average, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Wednesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

VICI Properties Profile

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.