Daiichi Life Insurance Co. Ltd. acquired a new stake in VICI Properties Inc. (NYSE:VICI – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm acquired 44,296 shares of the company’s stock, valued at approximately $1,176,000.
Other large investors have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its holdings in shares of VICI Properties by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company’s stock valued at $1,301,000 after acquiring an additional 384 shares in the last quarter. Corrado Advisors LLC raised its holdings in shares of VICI Properties by 0.8% during the first quarter. Corrado Advisors LLC now owns 50,301 shares of the company’s stock worth $1,374,000 after acquiring an additional 393 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of VICI Properties by 2.9% during the fourth quarter. Farther Finance Advisors LLC now owns 15,328 shares of the company’s stock worth $431,000 after acquiring an additional 434 shares in the last quarter. Beacon Investment Advisors LLC raised its holdings in shares of VICI Properties by 3.4% during the fourth quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company’s stock worth $393,000 after acquiring an additional 455 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in VICI Properties by 5.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company’s stock valued at $244,000 after purchasing an additional 483 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have commented on VICI shares. Cantor Fitzgerald lowered their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft set a $30.00 price target on VICI Properties in a research note on Friday, July 31st. Scotiabank lowered their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Finally, Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a research report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.29.
VICI Properties Stock Performance
VICI opened at $26.76 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market cap of $29.46 billion, a PE ratio of 10.37 and a beta of 0.65. The stock has a 50-day moving average of $26.57 and a 200-day moving average of $27.83. VICI Properties Inc. has a 52-week low of $25.81 and a 52-week high of $33.92.
VICI Properties (NYSE:VICI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.7%. VICI Properties’s payout ratio is 69.77%.
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.
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