Louisiana State Employees Retirement System Makes New $1.49 Million Investment in VICI Properties Inc. $VICI

Louisiana State Employees Retirement System bought a new position in VICI Properties Inc. (NYSE:VICI) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 54,500 shares of the company’s stock, valued at approximately $1,489,000.

Several other hedge funds also recently made changes to their positions in the company. State of Wyoming purchased a new position in VICI Properties during the second quarter valued at $26,000. Headlands Technologies LLC purchased a new stake in shares of VICI Properties in the 2nd quarter worth about $28,000. Bayban bought a new position in shares of VICI Properties in the 4th quarter worth about $25,000. BOKF NA bought a new position in shares of VICI Properties in the 3rd quarter worth about $30,000. Finally, Evolution Wealth Management Inc. purchased a new position in VICI Properties during the 4th quarter valued at about $28,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Price Performance

Shares of VICI opened at $27.19 on Friday. VICI Properties Inc. has a twelve month low of $26.08 and a twelve month high of $34.01. The company has a market capitalization of $29.07 billion, a P/E ratio of 9.31 and a beta of 0.65. The firm has a 50 day moving average of $27.90 and a 200 day moving average of $28.27. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59.

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

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.6%. VICI Properties’s dividend payout ratio (DPR) is 61.64%.

Analyst Ratings Changes

Several research firms recently commented on VICI. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of VICI Properties in a research note on Monday, May 4th. Barclays lifted their target price on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Mizuho reissued a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a research report on Wednesday, March 11th. Scotiabank cut their price target 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, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.86.

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.