Resona Asset Management Co. Ltd. Purchases 38,966 Shares of VICI Properties Inc. $VICI

Resona Asset Management Co. Ltd. raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 675,630 shares of the company’s stock after buying an additional 38,966 shares during the period. Resona Asset Management Co. Ltd. owned about 0.06% of VICI Properties worth $22,008,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. State of Wyoming bought a new stake in shares of VICI Properties during the 2nd quarter worth approximately $26,000. Parvin Asset Management LLC purchased a new stake in VICI Properties in the second quarter worth $27,000. Hantz Financial Services Inc. increased its stake in VICI Properties by 489.2% in the second 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 period. Headlands Technologies LLC bought a new stake in shares of VICI Properties during the second quarter worth $28,000. Finally, Godsey & Gibb Inc. purchased a new stake in shares of VICI Properties during the third quarter valued at $29,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Trading Up 1.2%

NYSE VICI opened at $28.52 on Friday. VICI Properties Inc. has a one year low of $27.48 and a one year high of $34.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The company has a market capitalization of $30.48 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 2.84 and a beta of 0.70. The company’s 50-day simple moving average is $28.33 and its two-hundred day simple moving average is $30.88.

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

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Wednesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VICI. Mizuho cut their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Stifel Nicolaus dropped their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Finally, Cantor Fitzgerald set a $33.00 price target on VICI Properties in a report on Monday, January 5th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.31.

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.