Sumitomo Mitsui DS Asset Management Company Ltd Purchases 10,618 Shares of VICI Properties Inc. $VICI

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in VICI Properties Inc. by 3.1%, bringing its total holdings to 348,535 shares worth approximately $11.36 million.
• VICI Properties recently declared a quarterly dividend of $0.45 per share, reflecting a yield of 5.6% and an increase from its previous dividend of $0.43.
• Analysts have given VICI Properties a consensus rating of "Moderate Buy" with an average price target of $35.92, as several firms have raised their price targets recently.

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 348,535 shares of the company's stock after purchasing an additional 10,618 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in VICI Properties were worth $11,362,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VICI. Price T Rowe Associates Inc. MD boosted its stake in VICI Properties by 205.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company's stock valued at $556,077,000 after buying an additional 11,458,239 shares in the last quarter. Nuveen LLC bought a new position in VICI Properties during the first quarter valued at about $320,179,000. Deutsche Bank AG boosted its stake in VICI Properties by 172.4% during the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock valued at $241,229,000 after buying an additional 4,680,136 shares in the last quarter. American Century Companies Inc. boosted its stake in VICI Properties by 81.6% during the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company's stock valued at $269,197,000 after buying an additional 3,707,396 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in VICI Properties by 2,437.5% during the fourth quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock valued at $98,982,000 after buying an additional 3,255,078 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI stock traded down $0.27 during trading on Friday, hitting $31.85. The company had a trading volume of 19,307,147 shares, compared to its average volume of 7,645,263. The company has a fifty day moving average price of $33.08 and a two-hundred day moving average price of $32.37. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The company has a market cap of $33.96 billion, a P/E ratio of 12.20, a P/E/G ratio of 3.21 and a beta of 0.70. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.03.

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 the consensus estimate 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 return on equity of 10.21% and a net margin of 70.20%.VICI Properties's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 5.7%. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's payout ratio is presently 68.97%.

Analysts Set New Price Targets

Several research analysts recently weighed in on VICI shares. JPMorgan Chase & Co. raised their target price on VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. Stifel Nicolaus increased their price target on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. JMP Securities set a $35.00 price target on VICI Properties in a research report on Tuesday, July 22nd. Mizuho increased their price target on VICI Properties from $34.00 to $35.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Finally, Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $35.92.

VICI Properties Company 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.