Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in 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 boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 3.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chesley Taft & Associates LLC raised its position in shares of VICI Properties by 3.6% in the second quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company's stock worth $304,000 after acquiring an additional 324 shares during the period. Provident Investment Management Inc. raised its position in shares of VICI Properties by 1.5% in the first quarter. Provident Investment Management Inc. now owns 23,785 shares of the company's stock worth $776,000 after acquiring an additional 350 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of VICI Properties by 8.5% in the first quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company's stock worth $150,000 after acquiring an additional 359 shares during the period. Moran Wealth Management LLC raised its position in shares of VICI Properties by 0.9% in the first quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock worth $1,324,000 after acquiring an additional 360 shares during the period. Finally, DAVENPORT & Co LLC raised its position in shares of VICI Properties by 3.9% in the first quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company's stock worth $347,000 after acquiring an additional 403 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI stock traded down $0.27 during mid-day trading on Friday, reaching $31.85. The company's stock had a trading volume of 19,307,147 shares, compared to its average volume of 7,645,263. The stock has a market cap of $33.96 billion, a PE ratio of 12.20, a P/E/G ratio of 3.21 and a beta of 0.70. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.03. The company's 50 day moving average is $33.08 and its two-hundred day moving average is $32.37.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. During the same quarter in the prior year, the firm earned $0.57 EPS. VICI Properties's quarterly revenue was up 4.6% on a year-over-year basis. 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 EPS for the current year.

VICI Properties Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VICI shares. JPMorgan Chase & Co. upped their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Stifel Nicolaus upped their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Mizuho upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Finally, Wells Fargo & Company upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $35.92.

About VICI Properties

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.