State of Michigan Retirement System Acquires 16,800 Shares of VICI Properties Inc. $VICI

State of Michigan Retirement System lifted its position in VICI Properties Inc. (NYSE:VICI) by 5.9% during the 2nd quarter, Holdings Channel reports. The firm owned 302,800 shares of the company’s stock after buying an additional 16,800 shares during the quarter. State of Michigan Retirement System’s holdings in VICI Properties were worth $9,871,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. grew its holdings in shares of VICI Properties by 489.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after purchasing an additional 724 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of VICI Properties in the 1st quarter worth about $29,000. Hoey Investments Inc. bought a new stake in shares of VICI Properties in the 2nd quarter worth about $33,000. Avalon Trust Co bought a new stake in shares of VICI Properties in the 1st quarter worth about $35,000. Finally, Investment Management Corp VA ADV grew its holdings in shares of VICI Properties by 171.3% in the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock worth $37,000 after purchasing an additional 709 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays upped their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Evercore ISI lowered their target price on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday. Stifel Nicolaus reduced their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of VICI Properties in a research report on Wednesday, October 8th. Finally, Scotiabank upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.85.

VICI Properties Stock Up 0.3%

Shares of NYSE VICI opened at $30.09 on Tuesday. The firm’s 50-day simple moving average is $32.06 and its 200 day simple moving average is $32.31. The company has a market cap of $32.16 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 2.99 and a beta of 0.72. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were paid a $0.45 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.0%. VICI Properties’s payout ratio is 68.70%.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.