Legal & General Group Plc Invests $366.51 Million in VICI Properties Inc. $VICI

Legal & General Group Plc bought a new position in shares of VICI Properties Inc. (NYSE:VICI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,804,687 shares of the company’s stock, valued at approximately $366,514,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VICI. Bayban bought a new position in shares of VICI Properties in the 4th quarter worth about $25,000. Dynamic Wealth Strategies LLC bought a new stake in shares of VICI Properties during the 1st quarter valued at about $25,000. State of Wyoming acquired a new stake in VICI Properties during the second quarter worth approximately $26,000. Evolution Wealth Management Inc. acquired a new stake in VICI Properties during the fourth quarter worth approximately $28,000. Finally, Headlands Technologies LLC bought a new stake in VICI Properties in the second quarter worth approximately $28,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI stock opened at $26.31 on Wednesday. The company has a market capitalization of $28.97 billion, a P/E ratio of 10.20 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. VICI Properties Inc. has a 52-week low of $25.81 and a 52-week high of $33.92. The business has a 50-day simple moving average of $26.53 and a two-hundred day simple moving average of $27.82.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data 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 company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company earned $0.60 earnings per share. The business’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. Research analysts expect that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Dividend Announcement

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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s dividend payout ratio is presently 69.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VICI shares. Robert W. Baird set a $32.00 price target on VICI Properties in a research note on Thursday, July 30th. Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a research report on Thursday, August 13th. Wells Fargo & Company lowered their price objective on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Royal Bank Of Canada began coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price on the stock. Finally, Cantor Fitzgerald cut their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, VICI Properties presently has a consensus rating of “Hold” and an average target price of $31.29.

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.