Retirement Systems of Alabama Sells 4,976 Shares of VICI Properties Inc. $VICI

Retirement Systems of Alabama lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 0.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 828,214 shares of the company’s stock after selling 4,976 shares during the period. Retirement Systems of Alabama’s holdings in VICI Properties were worth $27,000,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Blackhawk Capital Partners LLC. raised its holdings in shares of VICI Properties by 102.3% during the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company’s stock valued at $643,000 after purchasing an additional 9,967 shares during the period. D.A. Davidson & CO. grew its stake in shares of VICI Properties by 85.3% in the 2nd quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock valued at $669,000 after buying an additional 9,451 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new stake in VICI Properties in the 1st quarter valued at about $2,170,000. DAVENPORT & Co LLC raised its stake in VICI Properties by 3.9% during the 1st quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company’s stock worth $347,000 after buying an additional 403 shares during the period. Finally, Concurrent Investment Advisors LLC raised its stake in VICI Properties by 49.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 62,760 shares of the company’s stock worth $2,047,000 after buying an additional 20,855 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Performance

Shares of VICI stock opened at $29.55 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a 50-day moving average of $32.20 and a 200-day moving average of $32.34. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03. The company has a market cap of $31.51 billion, a P/E ratio of 11.32, a P/E/G ratio of 2.96 and a beta of 0.72.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued a $0.45 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s dividend payout ratio is currently 68.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of VICI Properties in a report on Wednesday, October 8th. Scotiabank lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Mizuho boosted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Morgan Stanley raised their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Finally, Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.08.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.