Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 3,609,721 VICI Properties Inc. $VICI

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,609,721 shares of the company's stock, valued at approximately $95,838,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.33% of VICI Properties at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of VICI. Vanguard Group Inc. increased its stake in shares of VICI Properties by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company's stock worth $4,455,820,000 after purchasing an additional 1,705,855 shares in the last quarter. State Street Corp lifted its stake in VICI Properties by 1.7% in the 4th quarter. State Street Corp now owns 63,619,919 shares of the company's stock valued at $1,817,165,000 after buying an additional 1,080,992 shares in the last quarter. Geode Capital Management LLC grew its holdings in VICI Properties by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company's stock valued at $1,030,716,000 after buying an additional 1,037,345 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in VICI Properties by 8.2% during the 4th quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company's stock valued at $851,821,000 after buying an additional 2,305,719 shares during the last quarter. Finally, Bank of America Corp DE increased its position in VICI Properties by 2.7% during the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company's stock worth $763,553,000 after buying an additional 734,068 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VICI shares. Scotiabank reduced their price objective on VICI Properties from $32.00 to $29.00 and set a "sector perform" rating on the stock in a research report on Thursday, June 18th. Royal Bank Of Canada assumed coverage on VICI Properties in a research report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price objective for the company. Morgan Stanley cut their target price on shares of VICI Properties from $38.00 to $31.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 8th. Robert W. Baird set a $32.00 target price on shares of VICI Properties in a report on Thursday, July 30th. Finally, Barclays decreased 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 note on Wednesday, July 22nd. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $31.29.

VICI Properties Trading Down 0.0%

Shares of VICI Properties stock opened at $25.95 on Wednesday. VICI Properties Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $33.92. The business's fifty day moving average is $26.70 and its two-hundred day moving average is $27.87. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The firm has a market cap of $28.58 billion, a PE ratio of 10.06 and a beta of 0.65.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 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 period in the prior year, the firm earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.9%. 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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