Johnson Financial Group Inc. Purchases Shares of 79,944 VICI Properties Inc. $VICI

Key Points

• Johnson Financial Group initiated a position in VICI Properties by purchasing 79,944 shares valued at approximately $2.16 million. Institutional investors collectively own 97.71% of VICI’s outstanding stock.
• Analyst sentiment remains mixed, with six Buy ratings and seven Holds; the consensus rating is Hold with a target price of $31.29. Recent firms lowered several price targets, while VICI shares opened at $26.39.
• VICI reported quarterly revenue of $1.06 billion, up 5.7% year over year, but missed EPS expectations by $0.09. The REIT maintains a quarterly dividend of $0.45 per share, representing a 6.8% annualized yield.

Johnson Financial Group Inc. purchased a new position in VICI Properties Inc. (NYSE:VICI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 79,944 shares of the company's stock, valued at approximately $2,158,000.

A number of other hedge funds have also recently modified their holdings of VICI. State of Wyoming bought a new stake in shares of VICI Properties in the second quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in VICI Properties in the 2nd quarter worth approximately $28,000. Bayban purchased a new stake in VICI Properties in the 4th quarter worth approximately $25,000. Dynamic Wealth Strategies LLC bought a new stake in shares of VICI Properties in the 1st quarter worth approximately $25,000. Finally, BOKF NA bought a new stake in shares of VICI Properties in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VICI. Morgan Stanley reduced their target price on VICI Properties from $38.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 8th. Scotiabank cut 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 report on Thursday, June 18th. Weiss Ratings reissued a "hold (c)" rating on shares of VICI Properties in a research report on Wednesday, June 24th. Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a report on Thursday, August 13th. Finally, Barclays dropped their target price on shares of VICI Properties from $34.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.29.

VICI Properties Stock Up 1.8%

Shares of NYSE:VICI opened at $26.39 on Thursday. VICI Properties Inc. has a 52-week low of $25.81 and a 52-week high of $33.92. The firm has a market capitalization of $29.05 billion, a P/E ratio of 10.23 and a beta of 0.65. The stock has a 50 day moving average price of $26.66 and a 200-day moving average price of $27.86. 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 (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the previous year, the business earned $0.60 EPS. 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 anticipate that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.8%. VICI Properties's dividend payout ratio (DPR) is currently 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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