VICI Properties Inc. $VICI Shares Bought by Vestcor Inc

Vestcor Inc boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 23.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 503,255 shares of the company’s stock after buying an additional 96,198 shares during the quarter. Vestcor Inc’s holdings in VICI Properties were worth $14,152,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VICI. State of Wyoming acquired a new stake in shares of VICI Properties in the second quarter worth $26,000. Headlands Technologies LLC acquired a new position in VICI Properties during the second quarter valued at $28,000. Evolution Wealth Management Inc. purchased a new stake in VICI Properties in the fourth quarter valued at $28,000. BOKF NA acquired a new stake in VICI Properties during the 3rd quarter worth about $30,000. Finally, Sarver Vrooman Wealth Advisors acquired a new stake in VICI Properties during the 4th quarter worth about $33,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Up 2.5%

Shares of VICI Properties stock opened at $27.88 on Friday. The firm has a 50-day simple moving average of $28.16 and a two-hundred day simple moving average of $28.45. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62. VICI Properties Inc. has a fifty-two week low of $26.55 and a fifty-two week high of $34.01. The company has a market cap of $29.81 billion, a P/E ratio of 9.55 and a beta of 0.65.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm earned $0.58 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. As a group, equities analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is presently 61.64%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VICI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Friday, March 27th. Robert W. Baird dropped their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Barclays lifted their price target on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Scotiabank boosted their price target on VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Finally, Mizuho restated a “neutral” rating and issued a $30.00 price objective on shares of VICI Properties in a research report on Wednesday, March 11th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.38.

VICI Properties Company 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.