Resona Asset Management Co. Ltd. Raises Stake in VICI Properties Inc. $VICI

Resona Asset Management Co. Ltd. lifted its position in VICI Properties Inc. (NYSE:VICI) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 673,867 shares of the company’s stock after purchasing an additional 28,327 shares during the period. Resona Asset Management Co. Ltd. owned about 0.06% of VICI Properties worth $18,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VICI. State of Wyoming bought a new position in VICI Properties in the 2nd quarter worth $26,000. Headlands Technologies LLC bought a new stake in VICI Properties during the second quarter valued at about $28,000. Bayban purchased a new position in shares of VICI Properties in the fourth quarter valued at about $25,000. BOKF NA purchased a new position in shares of VICI Properties in the third quarter valued at about $30,000. Finally, Evolution Wealth Management Inc. bought a new position in shares of VICI Properties in the fourth quarter worth about $28,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on VICI. Royal Bank Of Canada started coverage on VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Scotiabank dropped their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of VICI Properties in a report on Monday, May 4th. Finally, Morgan Stanley reduced their price objective on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $32.57.

VICI Properties Trading Down 0.6%

Shares of VICI stock opened at $25.93 on Friday. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $27.73 billion, a price-to-earnings ratio of 8.88 and a beta of 0.65. VICI Properties Inc. has a 12-month low of $25.82 and a 12-month high of $34.01. The stock’s 50-day moving average price is $27.71 and its 200-day moving average price is $28.21.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company earned $0.58 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Equities research analysts predict that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.9%. VICI Properties’s dividend payout ratio (DPR) is 61.64%.

About VICI Properties

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.