VICI Properties Inc. $VICI Shares Purchased by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its VICI Properties position by 2,482.5% in the second quarter, owning 47.6 million shares worth approximately $1.26 billion, or 4.32% of the company.
• Institutional ownership remains high at 97.71%, while analysts maintain a consensus “Hold” rating with an average price target of $30.46 versus the stock’s $24.83 opening price.
• VICI reported quarterly revenue of $1.06 billion, up 5.7% year over year, but missed EPS estimates. The company raised its quarterly dividend to $0.46, representing a 7.4% annualized yield.

California State Teachers Retirement System lifted its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2,482.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 47,561,405 shares of the company's stock after acquiring an additional 45,719,695 shares during the period. California State Teachers Retirement System owned 4.32% of VICI Properties worth $1,262,755,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VICI. BlackRock Inc. bought a new stake in shares of VICI Properties during the 2nd quarter worth about $3,433,817,000. Bank of America Corp DE acquired a new position in shares of VICI Properties during the second quarter valued at approximately $778,709,000. Norges Bank bought a new stake in VICI Properties during the fourth quarter worth approximately $537,676,000. Legal & General Group Plc acquired a new stake in VICI Properties in the second quarter worth approximately $366,514,000. Finally, Man Group plc acquired a new stake in VICI Properties in the second quarter worth approximately $318,249,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Robert W. Baird set a $32.00 price objective on VICI Properties in a report on Thursday, July 30th. Scotiabank lowered their target price on VICI Properties from $32.00 to $29.00 and set a "sector perform" rating on the stock in a report on Thursday, June 18th. Raymond James Financial set a $29.00 price target on shares of VICI Properties in a research report on Thursday, August 13th. Morgan Stanley cut their price target on shares of VICI Properties from $38.00 to $31.00 and set an "equal weight" rating for the company in a report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of VICI Properties in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $30.46.

VICI Properties Trading Up 0.4%

Shares of NYSE VICI opened at $24.83 on Friday. VICI Properties Inc. has a one year low of $24.66 and a one year high of $33.31. The firm has a market capitalization of $27.34 billion, a PE ratio of 9.62 and a beta of 0.65. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $26.21 and a two-hundred day moving average price of $27.47.

VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.09). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be issued a $0.46 dividend. This is a boost from VICI Properties's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, September 17th. This represents a $1.84 annualized dividend and a yield of 7.4%. VICI Properties's payout ratio is 69.77%.

VICI Properties Company Profile

VICI Properties, Inc NYSE: VICI is a real estate investment trust focused on experiential properties, particularly gaming, hospitality and entertainment destinations. The company owns the real estate associated with properties such as casinos, resorts and golf facilities, while operating partners manage the day-to-day businesses.

VICI's portfolio includes prominent gaming and resort assets in Las Vegas and regional markets throughout the United States, as well as properties in Canada.

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