Norges Bank Makes New Investment in VICI Properties Inc. $VICI

Norges Bank acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,936,951 shares of the company’s stock, valued at approximately $486,945,000.

Several other institutional investors have also modified their holdings of VICI. Vanguard Group Inc. grew its stake in shares of VICI Properties by 1.2% during the second quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock worth $5,086,097,000 after purchasing an additional 1,849,545 shares in the last quarter. Geode Capital Management LLC raised its stake in VICI Properties by 7.1% in the second quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after buying an additional 2,281,688 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in VICI Properties by 7.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock worth $816,617,000 after buying an additional 1,755,385 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of VICI Properties by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock worth $711,043,000 after acquiring an additional 2,326,747 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of VICI Properties by 205.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after acquiring an additional 11,458,239 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VICI has been the topic of several research analyst reports. Stifel Nicolaus cut their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Cantor Fitzgerald dropped their price target on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Scotiabank boosted their price objective 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. Evercore ISI lowered their target price on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Finally, The Goldman Sachs Group dropped their target price on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.29.

VICI Properties Price Performance

Shares of NYSE VICI opened at $28.99 on Friday. The stock has a market cap of $30.98 billion, a P/E ratio of 11.06, a P/E/G ratio of 2.87 and a beta of 0.72. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.03. The stock has a 50 day moving average of $30.72 and a two-hundred day moving average of $32.00. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business 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% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders 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. This represents a $1.80 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

About VICI Properties

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.