VICI Properties Inc. $VICI Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in VICI Properties Inc. (NYSE:VICI) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,747,176 shares of the company’s stock after selling 46,165 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in VICI Properties were worth $154,805,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VICI. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in VICI Properties by 2.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,466,757 shares of the company’s stock worth $113,051,000 after purchasing an additional 81,300 shares during the period. D.A. Davidson & CO. increased its stake in shares of VICI Properties by 85.3% during the second quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock valued at $669,000 after acquiring an additional 9,451 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in VICI Properties by 5.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock worth $77,638,000 after purchasing an additional 122,796 shares in the last quarter. Swedbank AB boosted its stake in VICI Properties by 4.0% during the 3rd quarter. Swedbank AB now owns 4,874,730 shares of the company’s stock valued at $158,965,000 after purchasing an additional 188,690 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in shares of VICI Properties in the 2nd quarter worth $4,972,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Up 0.4%

VICI opened at $27.88 on Tuesday. The business has a 50-day moving average of $28.67 and a 200-day moving average of $31.15. VICI Properties Inc. has a fifty-two week low of $27.48 and a fifty-two week high of $34.03. The company has a market capitalization of $29.79 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 2.76 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60.

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

VICI Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VICI. Mizuho cut their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. The Goldman Sachs Group decreased their price objective on shares of 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, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.31.

About VICI Properties

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.