Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 3,609,721 VICI Properties Inc. $VICI

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) in the second quarter, HoldingsChannel reports. The fund acquired 3,609,721 shares of the company’s stock, valued at approximately $95,838,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in shares of VICI Properties in the 2nd quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in VICI Properties during the 2nd quarter worth approximately $28,000. Bayban purchased a new position in VICI Properties in the fourth quarter valued at approximately $25,000. Dynamic Wealth Strategies LLC acquired a new position in VICI Properties during the first quarter valued at approximately $25,000. Finally, BOKF NA acquired a new position in VICI Properties during the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Down 0.0%

NYSE VICI opened at $25.95 on Wednesday. The stock has a market cap of $28.58 billion, a PE ratio of 10.06 and a beta of 0.65. VICI Properties Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $33.92. The business has a 50 day moving average price of $26.70 and a two-hundred day moving average price of $27.87. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties (NYSE:VICI) last posted 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). The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is presently 69.77%.

Analyst Upgrades and Downgrades

VICI has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Royal Bank Of Canada assumed coverage on shares of VICI Properties in a report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price on the stock. Morgan Stanley decreased 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 research report on Wednesday, July 8th. Wells Fargo & Company lowered their price target on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price objective 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 given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.29.

VICI Properties Company 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.