Vestcor Inc Buys 214,087 Shares of VICI Properties Inc. $VICI

Vestcor Inc increased its stake in VICI Properties Inc. (NYSE:VICI) by 110.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 407,057 shares of the company’s stock after purchasing an additional 214,087 shares during the period. Vestcor Inc’s holdings in VICI Properties were worth $13,274,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of VICI. SMH Capital Advisors Inc. increased its holdings in VICI Properties by 7.4% in the 3rd quarter. SMH Capital Advisors Inc. now owns 44,111 shares of the company’s stock valued at $1,323,000 after buying an additional 3,041 shares during the period. Schroder Investment Management Group boosted its position in shares of VICI Properties by 40.5% during the 3rd quarter. Schroder Investment Management Group now owns 61,335 shares of the company’s stock worth $2,000,000 after acquiring an additional 17,675 shares in the last quarter. Russell Investments Group Ltd. increased its stake in VICI Properties by 28.3% in the third quarter. Russell Investments Group Ltd. now owns 5,609,084 shares of the company’s stock valued at $182,912,000 after acquiring an additional 1,237,145 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management increased its stake in VICI Properties by 1.3% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 399,150 shares of the company’s stock valued at $13,016,000 after acquiring an additional 4,963 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in VICI Properties by 19.1% during the third quarter. Private Advisor Group LLC now owns 36,954 shares of the company’s stock valued at $1,205,000 after purchasing an additional 5,924 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI Properties stock opened at $29.63 on Monday. The stock has a 50-day moving average price of $28.86 and a two-hundred day moving average price of $30.08. VICI Properties Inc. has a 12 month low of $27.48 and a 12 month high of $34.03. The company has a market capitalization of $31.67 billion, a PE ratio of 11.35, a P/E/G ratio of 3.40 and a beta of 0.67. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.59.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.03). VICI Properties had a net margin of 69.28% and a return on equity of 10.02%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company earned $0.57 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. Analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VICI shares. Cantor Fitzgerald set a $33.00 price target on VICI Properties in a report on Monday, January 5th. The Goldman Sachs Group decreased their target price on VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Wells Fargo & Company reissued an “equal weight” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Robert W. Baird dropped their target price on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Finally, Mizuho decreased their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.69.

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.