Plato Investment Management Ltd Acquires Shares of 38,575 VICI Properties Inc. $VICI

Plato Investment Management Ltd acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 38,575 shares of the company’s stock, valued at approximately $1,018,000.

A number of other hedge funds have also recently made changes to their positions in VICI. Bayban acquired a new stake in shares of VICI Properties in the 4th quarter worth about $25,000. Dynamic Wealth Strategies LLC acquired a new position in VICI Properties during the 1st quarter valued at about $25,000. State of Wyoming acquired a new position in VICI Properties during the 2nd quarter valued at about $26,000. Evolution Wealth Management Inc. bought a new stake in VICI Properties during the 4th quarter worth approximately $28,000. Finally, Headlands Technologies LLC bought a new stake in VICI Properties during the 2nd quarter worth approximately $28,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays lowered their price target on VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Scotiabank lowered their target price on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Morgan Stanley dropped their price target on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Cantor Fitzgerald cut their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of VICI Properties in a research report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, VICI Properties has a consensus rating of “Hold” and an average price target of $31.29.

VICI Properties Stock Down 0.0%

VICI stock opened at $25.95 on Wednesday. The stock has a market cap of $28.58 billion, a P/E ratio of 10.06 and a beta of 0.65. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $26.70 and its two-hundred day simple moving average is $27.87. VICI Properties Inc. has a 1-year low of $25.81 and a 1-year high of $33.92.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business earned $0.60 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Analysts expect that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.9%. VICI Properties’s dividend payout ratio is presently 69.77%.

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.