Daiichi Life Insurance Co. Ltd. bought a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 44,296 shares of the company's stock, valued at approximately $1,176,000.
Several other large investors have also modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in VICI Properties by 204.4% during the 1st quarter. NewEdge Advisors LLC now owns 37,580 shares of the company's stock worth $1,226,000 after buying an additional 25,234 shares during the last quarter. Woodline Partners LP lifted its stake in VICI Properties by 41.3% during 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 boosted its holdings in VICI Properties by 45.0% in the second quarter. Jump Financial LLC now owns 26,597 shares of the company's stock worth $867,000 after purchasing an additional 8,259 shares during the period. Treasurer of the State of North Carolina increased its stake in VICI Properties by 96.0% during the second 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of VICI Properties by 1.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company's stock worth $6,860,000 after purchasing an additional 2,775 shares during the period. Institutional investors own 97.71% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. Raymond James Financial set a $29.00 price target on shares of VICI Properties in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of VICI Properties in a report on Friday, July 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of VICI Properties in a research note on Wednesday, June 24th. Barclays dropped their price target on shares of VICI Properties from $34.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Finally, Cantor Fitzgerald dropped their price objective 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. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $31.29.
Check Out Our Latest Report on VICI Properties
VICI Properties Trading Up 0.9%
NYSE VICI opened at $26.76 on Tuesday. The firm's 50 day moving average price is $26.57 and its two-hundred day moving average price is $27.83. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. VICI Properties Inc. has a twelve month low of $25.81 and a twelve month high of $33.92. The stock has a market cap of $29.46 billion, a price-to-earnings ratio of 10.37 and a beta of 0.65.
VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.09). The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. VICI Properties's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current year.
VICI Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties's dividend payout ratio is currently 69.77%.
About VICI Properties
(
Free Report)
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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