VICI Properties Inc. $VICI Stake Boosted by National Pension Service

Key Points

• National Pension Service increased its VICI Properties stake by 4.9% in the second quarter, bringing its holdings to 3.39 million shares worth approximately $90.1 million. Institutional investors and hedge funds collectively own 97.71% of the company.
• VICI reported quarterly revenue of $1.06 billion, exceeding estimates, though earnings of $0.62 per share fell short of the $0.71 consensus. The company expects fiscal 2026 EPS of $2.45–$2.47.
• VICI raised its quarterly dividend to $0.46 per share, equivalent to $1.84 annually and a 7.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $30.46.

National Pension Service raised its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 4.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,392,494 shares of the company's stock after buying an additional 159,977 shares during the quarter. National Pension Service owned 0.31% of VICI Properties worth $90,071,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in VICI Properties in the 2nd quarter worth about $3,433,817,000. California State Teachers Retirement System grew its stake in VICI Properties by 2,482.5% during the 2nd quarter. California State Teachers Retirement System now owns 47,561,405 shares of the company's stock valued at $1,262,755,000 after acquiring an additional 45,719,695 shares in the last quarter. Bank of America Corp DE purchased a new position in VICI Properties during the 2nd quarter valued at about $778,709,000. Norges Bank acquired a new position in shares of VICI Properties in the 4th quarter valued at about $537,676,000. Finally, Legal & General Group Plc acquired a new position in shares of VICI Properties in the 2nd quarter valued at about $366,514,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Up 0.4%

Shares of VICI opened at $24.83 on Friday. The company has a 50-day simple moving average of $26.21 and a 200-day simple moving average of $27.47. The firm has a market capitalization of $27.34 billion, a P/E ratio of 9.62 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. VICI Properties Inc. has a 52 week low of $24.66 and a 52 week high of $33.31.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.09). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.VICI Properties's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, equities research analysts expect that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently declared 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 an increase from VICI Properties's previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, September 17th. VICI Properties's dividend payout ratio (DPR) is 69.77%.

Analyst Ratings Changes

A number of research analysts have commented on VICI shares. Morgan Stanley lowered their target price on VICI Properties from $38.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 8th. Cantor Fitzgerald decreased their target price on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday, August 10th. Scotiabank dropped their price target on shares of VICI Properties from $32.00 to $29.00 and set a "sector perform" rating on the stock in a research note on Thursday, June 18th. Raymond James Financial set a $29.00 price target on shares of VICI Properties in a report on Thursday, August 13th. Finally, Weiss Ratings cut shares of VICI Properties from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, VICI Properties currently has a consensus rating of "Hold" and an average price target of $30.46.

VICI Properties 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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