VICI Properties Inc. $VICI Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 5.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,064,459 shares of the company’s stock after buying an additional 712,916 shares during the quarter. Legal & General Group Plc’s holdings in VICI Properties were worth $395,493,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. State of Wyoming purchased a new stake in shares of VICI Properties in the 2nd quarter valued at $26,000. Headlands Technologies LLC purchased a new stake in shares of VICI Properties in the 2nd quarter valued at $28,000. BOKF NA purchased a new stake in shares of VICI Properties in the 3rd quarter valued at $30,000. Avalon Trust Co purchased a new position in shares of VICI Properties during the 3rd quarter valued at about $35,000. Finally, Key Capital Management INC purchased a new position in shares of VICI Properties during the 4th quarter valued at about $37,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

NYSE VICI opened at $28.59 on Wednesday. The stock has a 50-day simple moving average of $28.14 and a two-hundred day simple moving average of $28.58. The firm has a market capitalization of $30.56 billion, a P/E ratio of 9.79 and a beta of 0.67. 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 debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $0.58 EPS. VICI Properties’s revenue for the quarter was up 3.5% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. On average, equities analysts forecast that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Thursday, March 19th. VICI Properties’s payout ratio is currently 61.64%.

Analyst Ratings Changes

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