VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 1,713,668 VICI Properties Inc. $VICI

Key Points

• Virginia Retirement Systems acquired 1.71 million VICI Properties shares worth approximately $45.5 million, joining institutional investors that collectively own 97.71% of the REIT.
• Analysts remain mixed, with six Buy and seven Hold ratings, resulting in a consensus Hold rating and a $31 average price target.
• VICI raised its quarterly dividend to $0.46 per share, or $1.84 annualized, representing a 7.2% yield; its latest quarterly revenue rose 5.7% year over year, though EPS missed analyst expectations.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,713,668 shares of the company's stock, valued at approximately $45,498,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.16% of VICI Properties at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bayban purchased a new position in VICI Properties during the fourth quarter worth about $25,000. Dynamic Wealth Strategies LLC purchased a new position in shares of VICI Properties during the first quarter worth about $25,000. State of Wyoming purchased a new position in shares of VICI Properties during the second quarter worth about $26,000. Evolution Wealth Management Inc. bought a new position in shares of VICI Properties in the fourth quarter worth approximately $28,000. Finally, Headlands Technologies LLC purchased a new stake in VICI Properties in the second quarter valued at approximately $28,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on VICI. Cantor Fitzgerald cut their price target on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, August 10th. Royal Bank Of Canada started coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price objective on the stock. Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a report on Thursday, July 30th. Scotiabank reduced their target price on 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. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price target on VICI Properties in a research report on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $31.00.

VICI Properties Stock Down 0.1%

Shares of NYSE VICI opened at $25.39 on Monday. The stock has a market capitalization of $27.96 billion, a P/E ratio of 9.84 and a beta of 0.65. VICI Properties Inc. has a one year low of $25.34 and a one year high of $33.82. The firm's 50 day simple moving average is $26.39 and its two-hundred day simple moving average is $27.62. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data 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). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same period last year, the company posted $0.60 EPS. VICI Properties's revenue for the quarter was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, analysts expect that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.2%. This is an increase from VICI Properties's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, September 17th. VICI Properties's payout ratio is 69.77%.

VICI Properties Profile

VICI Properties NYSE: VICI is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company's portfolio is concentrated in major U.S.

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