Legal & General Group Plc Buys 712,916 Shares of VICI Properties Inc. $VICI

Legal & General Group Plc grew its stake in VICI Properties Inc. (NYSE:VICI) by 5.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,064,459 shares of the company’s stock after purchasing an additional 712,916 shares during the period. Legal & General Group Plc owned approximately 1.32% of VICI Properties worth $395,493,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Aptus Capital Advisors LLC increased its holdings in VICI Properties by 5.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 6,623 shares of the company’s stock worth $216,000 after purchasing an additional 329 shares during the period. Arete Wealth Advisors LLC increased its holdings in VICI Properties by 3.8% during the 3rd quarter. Arete Wealth Advisors LLC now owns 9,110 shares of the company’s stock worth $296,000 after purchasing an additional 334 shares during the period. Choreo LLC increased its holdings in VICI Properties by 1.8% during the 3rd quarter. Choreo LLC now owns 20,051 shares of the company’s stock worth $664,000 after purchasing an additional 355 shares during the period. Provident Investment Management Inc. increased its holdings in VICI Properties by 1.5% during the 3rd quarter. Provident Investment Management Inc. now owns 25,760 shares of the company’s stock worth $840,000 after purchasing an additional 375 shares during the period. Finally, Hurley Capital LLC increased its holdings in VICI Properties by 5.9% during the 3rd quarter. Hurley Capital LLC now owns 6,927 shares of the company’s stock worth $226,000 after purchasing an additional 388 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Up 0.3%

Shares of NYSE VICI opened at $28.59 on Wednesday. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $30.56 billion, a PE ratio of 9.79 and a beta of 0.67. The stock’s fifty day simple moving average is $28.14 and its two-hundred day simple moving average is $28.58. VICI Properties Inc. has a 12-month low of $26.55 and a 12-month high of $34.01.

VICI Properties (NYSE:VICI) last announced its earnings results 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 business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. As a group, analysts expect that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.3%. VICI Properties’s dividend payout ratio (DPR) is presently 61.64%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a research report on Monday, May 4th. Mizuho reaffirmed a “neutral” rating and set a $30.00 target price on shares of VICI Properties in a research report on Wednesday, March 11th. Robert W. Baird dropped their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Scotiabank increased their target price on VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research report on Friday, March 27th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.38.

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.