Meiji Yasuda Asset Management Co Ltd. Makes New Investment in VICI Properties Inc. $VICI

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the second quarter, Holdings Channel reports. The fund purchased 125,086 shares of the company’s stock, valued at approximately $3,321,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Wyoming bought a new stake in VICI Properties in the second quarter worth $26,000. Headlands Technologies LLC bought a new position in VICI Properties during the second quarter valued at about $28,000. Bayban bought a new position in VICI Properties during the fourth quarter valued at about $25,000. Dynamic Wealth Strategies LLC acquired a new stake in shares of VICI Properties in the first quarter worth about $25,000. Finally, BOKF NA acquired a new stake in shares of VICI Properties in the third quarter worth about $30,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $26.76 on Tuesday. The company has a market cap of $29.46 billion, a price-to-earnings ratio of 10.37 and a beta of 0.65. The business has a 50 day moving average price of $26.57 and a 200 day moving average price of $27.83. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. VICI Properties Inc. has a twelve month low of $25.81 and a twelve month high of $33.92.

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

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.7%. The ex-dividend date was Thursday, June 18th. VICI Properties’s dividend payout ratio is presently 69.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VICI. Robert W. Baird set a $32.00 price objective on VICI Properties in a report on Thursday, July 30th. Raymond James Financial set a $29.00 target price on VICI Properties in a report on Thursday, August 13th. Barclays decreased their target price 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. Wells Fargo & Company lowered their price target on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Finally, 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. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.29.

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.