Legal & General Group Plc Increases Position in VICI Properties Inc. $VICI

Legal & General Group Plc lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 5.1% in the third quarter, HoldingsChannel.com reports. The fund owned 13,351,543 shares of the company’s stock after acquiring an additional 646,118 shares during the period. Legal & General Group Plc’s holdings in VICI Properties were worth $435,394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of VICI. Banque Cantonale Vaudoise boosted its position in VICI Properties by 85.9% in the third quarter. Banque Cantonale Vaudoise now owns 56,891 shares of the company’s stock worth $1,855,000 after purchasing an additional 26,280 shares during the last quarter. Vestcor Inc increased its position in shares of VICI Properties by 110.9% during the 3rd quarter. Vestcor Inc now owns 407,057 shares of the company’s stock valued at $13,274,000 after purchasing an additional 214,087 shares during the last quarter. SMH Capital Advisors Inc. raised its stake in shares of VICI Properties by 7.4% during the 3rd quarter. SMH Capital Advisors Inc. now owns 44,111 shares of the company’s stock worth $1,323,000 after purchasing an additional 3,041 shares during the period. Schroder Investment Management Group boosted its holdings in shares of VICI Properties by 40.5% in the 3rd quarter. Schroder Investment Management Group now owns 61,335 shares of the company’s stock worth $2,000,000 after buying an additional 17,675 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in VICI Properties by 28.3% during the third quarter. Russell Investments Group Ltd. now owns 5,609,084 shares of the company’s stock worth $182,912,000 after buying an additional 1,237,145 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Down 0.8%

Shares of VICI Properties stock opened at $29.28 on Wednesday. The company has a 50-day moving average of $28.90 and a 200 day moving average of $30.02. The firm has a market cap of $31.29 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 3.38 and a beta of 0.67. VICI Properties Inc. has a 1 year low of $27.48 and a 1 year high of $34.01. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.17 and a quick ratio of 3.17.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, February 25th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm posted $0.57 EPS. VICI Properties’s quarterly revenue was up 3.8% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. VICI Properties’s dividend payout ratio (DPR) is 68.97%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VICI shares. Robert W. Baird dropped their target price on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Mizuho decreased their target price on VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, December 17th. Evercore reiterated an “in-line” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Barclays decreased their target price on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.69.

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.