Resona Asset Management Co. Ltd. Acquires 41,144 Shares of VICI Properties Inc. (NYSE:VICI)

Key Points

• Resona Asset Management Co. Ltd. increased its holdings in VICI Properties Inc. by 6.5%, acquiring an additional 41,144 shares, bringing its total ownership to approximately 671,013 shares valued at $21.6 million.
• VICI Properties has seen a generally positive outlook from analysts, with a consensus target price of $35.40 and several firms updating their price targets, indicating a strong demand for the stock.
• The company recently declared a quarterly dividend of $0.4325 per share, yielding 5.3%, along with a payout ratio of 66.28%, enhancing its appeal to income-focused investors.

Resona Asset Management Co. Ltd. raised its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 6.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 671,013 shares of the company's stock after buying an additional 41,144 shares during the period. Resona Asset Management Co. Ltd. owned approximately 0.06% of VICI Properties worth $21,603,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VICI. Wayfinding Financial LLC acquired a new stake in shares of VICI Properties during the 1st quarter worth about $29,000. Transce3nd LLC purchased a new position in shares of VICI Properties during the fourth quarter worth approximately $28,000. AdvisorNet Financial Inc increased its holdings in shares of VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after acquiring an additional 786 shares during the period. CoreCap Advisors LLC boosted its stake in VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares during the period. Finally, Avalon Trust Co acquired a new position in VICI Properties in the first quarter valued at $35,000. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Stifel Nicolaus boosted their price target on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. JMP Securities set a $35.00 price objective on VICI Properties in a research note on Tuesday, July 22nd. Truist Financial lifted their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.40.

VICI Properties Stock Down 0.2%

NYSE:VICI traded down $0.08 on Friday, hitting $32.53. 8,746,828 shares of the company's stock were exchanged, compared to its average volume of 6,792,264. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a 50-day moving average price of $32.84 and a 200-day moving average price of $31.95. The company has a market cap of $34.69 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 3.30 and a beta of 0.68. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. VICI Properties's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 EPS. As a group, analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's payout ratio is currently 66.28%.

VICI Properties Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.