Resona Asset Management Co. Ltd. Boosts Stock Position in VICI Properties Inc. $VICI

Resona Asset Management Co. Ltd. boosted its position in VICI Properties Inc. (NYSE:VICI) by 6.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 675,630 shares of the company’s stock after purchasing an additional 38,966 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in VICI Properties were worth $22,008,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of VICI Properties by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock worth $5,086,097,000 after buying an additional 1,849,545 shares during the last quarter. State Street Corp boosted its stake in VICI Properties by 2.1% in the second quarter. State Street Corp now owns 59,694,662 shares of the company’s stock valued at $1,970,935,000 after acquiring an additional 1,204,476 shares in the last quarter. Geode Capital Management LLC boosted its stake in VICI Properties by 7.1% in the second quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after acquiring an additional 2,281,688 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in VICI Properties by 7.5% in the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock worth $816,617,000 after purchasing an additional 1,755,385 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of VICI Properties by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock worth $711,043,000 after purchasing an additional 2,326,747 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VICI. Wells Fargo & Company reissued an “equal weight” rating and issued a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. The Goldman Sachs Group decreased their price target on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Stifel Nicolaus lowered their price target on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Mizuho dropped their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $34.31.

VICI Properties Stock Up 1.2%

VICI Properties stock opened at $28.52 on Friday. The business’s 50-day simple moving average is $28.33 and its two-hundred day simple moving average is $30.88. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The company has a market cap of $30.48 billion, a PE ratio of 10.88, a PEG ratio of 2.84 and a beta of 0.70. VICI Properties Inc. has a fifty-two week low of $27.48 and a fifty-two week high of $34.03.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Wednesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

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.