Principal Financial Group Inc. decreased its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 64.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,748,034 shares of the company's stock after selling 13,841,012 shares during the quarter. Principal Financial Group Inc. owned about 0.72% of VICI Properties worth $217,875,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming bought a new stake in shares of VICI Properties during the second quarter worth about $26,000. Headlands Technologies LLC bought a new stake in shares of VICI Properties during the second quarter worth about $28,000. Godsey & Gibb Inc. bought a new stake in shares of VICI Properties during the third quarter worth about $29,000. BOKF NA bought a new stake in shares of VICI Properties during the third quarter worth about $30,000. Finally, City Holding Co. bought a new stake in shares of VICI Properties during the third quarter worth about $33,000. Institutional investors own 97.71% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. Mizuho reiterated a "neutral" rating and set a $30.00 price target on shares of VICI Properties in a report on Wednesday, March 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of VICI Properties in a report on Friday, March 27th. Barclays upped their price target on VICI Properties from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Tuesday, April 21st. Scotiabank downgraded VICI Properties from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the stock from $36.00 to $30.00 in a report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a report on Monday. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.23.
View Our Latest Stock Report on VICI Properties
VICI Properties Trading Up 0.7%
Shares of VICI stock opened at $28.28 on Wednesday. VICI Properties Inc. has a 52-week low of $26.55 and a 52-week high of $34.01. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62. The company has a 50-day simple moving average of $28.49 and a two-hundred day simple moving average of $28.81. The company has a market capitalization of $30.23 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 3.21 and a beta of 0.67.
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 firm 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 business's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Research analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.
VICI Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Thursday, March 19th. VICI Properties's dividend payout ratio is 61.64%.
VICI Properties Profile
(
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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