Legal & General Group Plc Acquires 646,118 Shares of VICI Properties Inc. $VICI

Key Points

• Legal & General raised its stake in VICI Properties by 5.1%, acquiring 646,118 shares to own 13,351,543 shares (about 1.25% of the company) valued at roughly $435.4 million per its latest SEC filing.
• VICI declared a quarterly dividend of $0.45 (annualized $1.80), representing a 6.1% yield with an ex-dividend date of March 19 and a payout ratio around 69%.
• The company reported Q EPS of $0.57 (missed estimates by $0.03), set FY2026 guidance of 2.420–2.450 EPS, and holds a "Moderate Buy" analyst consensus with an average price target of $33.69 after several downward revisions.

Legal & General Group Plc boosted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,351,543 shares of the company's stock after acquiring an additional 646,118 shares during the quarter. Legal & General Group Plc owned approximately 1.25% of VICI Properties worth $435,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State of Wyoming acquired a new position in VICI Properties during the 2nd quarter valued at about $26,000. Parvin Asset Management LLC acquired a new position in VICI Properties in the second quarter valued at approximately $27,000. Headlands Technologies LLC bought a new position in VICI Properties in the second quarter valued at approximately $28,000. Godsey & Gibb Inc. acquired a new stake in VICI Properties during the 3rd quarter worth $29,000. Finally, City Holding Co. bought a new stake in shares of VICI Properties during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on VICI shares. Evercore restated an "in-line" rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. The Goldman Sachs Group decreased their price objective on VICI Properties from $38.00 to $34.00 and set a "buy" rating for the company in a report on Friday, November 28th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Scotiabank downgraded VICI Properties from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the stock from $36.00 to $30.00 in a research note on Friday, January 30th. Finally, Mizuho lowered their price target on shares of VICI Properties from $35.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, December 17th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and an average price target of $33.69.

VICI Properties Trading Down 0.8%

NYSE VICI opened at $29.28 on Wednesday. The firm has a market capitalization of $31.29 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 3.38 and a beta of 0.67. The business's 50-day moving average price is $28.90 and its two-hundred day moving average price is $30.02. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a 12 month low of $27.48 and a 12 month high of $34.01.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.03). The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a net margin of 69.28% and a return on equity of 10.02%. The business's revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company posted $0.57 EPS. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. On average, analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Thursday, March 19th. VICI Properties's dividend payout ratio (DPR) is 68.97%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.