California Public Employees Retirement System Sells 266,956 Shares of VICI Properties Inc. $VICI

Key Points

• CalPERS reduced its VICI Properties stake by 8.6% in the first quarter, selling 266,956 shares and leaving it with 2.82 million shares valued at about $77.1 million.
• VICI Properties reported solid quarterly results, with EPS of $0.82 beating estimates and revenue of $1.02 billion slightly topping forecasts; revenue rose 3.5% year over year.
• The stock offers a sizable dividend and mixed analyst sentiment, with a quarterly payout of $0.45 per share implying a 6.7% annual yield, while analysts currently rate it a “Moderate Buy” with an average target price of $32.21.

California Public Employees Retirement System cut its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 8.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,822,754 shares of the company's stock after selling 266,956 shares during the period. California Public Employees Retirement System owned about 0.26% of VICI Properties worth $77,118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC increased its position in VICI Properties by 204.4% during the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company's stock valued at $1,226,000 after acquiring an additional 25,234 shares during the last quarter. Woodline Partners LP boosted its position in VICI Properties by 41.3% in the first quarter. Woodline Partners LP now owns 89,062 shares of the company's stock worth $2,905,000 after purchasing an additional 26,017 shares during the last quarter. Jump Financial LLC grew its stake in shares of VICI Properties by 45.0% during the 2nd quarter. Jump Financial LLC now owns 26,597 shares of the company's stock valued at $867,000 after purchasing an additional 8,259 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of VICI Properties by 96.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company's stock valued at $31,843,000 after purchasing an additional 478,538 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of VICI Properties by 1.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company's stock valued at $6,860,000 after purchasing an additional 2,775 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VICI shares. Weiss Ratings reiterated a "hold (c)" rating on shares of VICI Properties in a research note on Wednesday, June 24th. Barclays boosted their target price on shares of VICI Properties from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Tuesday, April 21st. Royal Bank Of Canada began coverage on shares of VICI Properties in a report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a research report on Monday, May 4th. Finally, Scotiabank dropped their price target on shares of VICI Properties from $32.00 to $29.00 and set a "sector perform" rating on the stock in a research note on Thursday, June 18th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, VICI Properties currently has an average rating of "Moderate Buy" and an average target price of $32.21.

VICI Properties Stock Up 0.0%

NYSE VICI opened at $26.88 on Monday. The stock's 50-day moving average price is $27.44 and its 200-day moving average price is $28.15. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a 52 week low of $25.82 and a 52 week high of $34.01. The company has a market capitalization of $28.74 billion, a P/E ratio of 9.21 and a beta of 0.65.

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

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Thursday, June 18th. VICI Properties's dividend payout ratio is presently 61.64%.

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.

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