Illinois Municipal Retirement Fund Lowers Position in VICI Properties Inc. $VICI

Illinois Municipal Retirement Fund cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 14.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 612,739 shares of the company’s stock after selling 104,235 shares during the period. Illinois Municipal Retirement Fund’s holdings in VICI Properties were worth $16,740,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. State of Wyoming purchased a new stake in shares of VICI Properties in the second quarter valued at about $26,000. Headlands Technologies LLC bought a new stake in VICI Properties in the 2nd quarter worth about $28,000. Bayban purchased a new stake in VICI Properties in the 4th quarter valued at about $25,000. BOKF NA bought a new position in shares of VICI Properties during the 3rd quarter worth approximately $30,000. Finally, Evolution Wealth Management Inc. purchased a new position in shares of VICI Properties in the 4th quarter worth approximately $28,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on VICI. Barclays increased their price target on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Wells Fargo & Company lowered their target price on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Morgan Stanley cut 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 report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a research report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average price target of $32.21.

VICI Properties Stock Up 0.2%

VICI stock opened at $26.32 on Thursday. The stock has a fifty day moving average of $27.51 and a 200-day moving average of $28.16. VICI Properties Inc. has a fifty-two week low of $25.82 and a fifty-two week high of $34.01. The company has a market capitalization of $28.14 billion, a price-to-earnings ratio of 9.02 and a beta of 0.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.71 by $0.11. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. As a group, equities research analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Thursday, June 18th. VICI Properties’s dividend payout ratio is presently 61.64%.

About VICI Properties

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.