Sumitomo Mitsui Trust Group Inc. Has $120.14 Million Stock Holdings in VICI Properties Inc. $VICI

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of VICI Properties Inc. (NYSE:VICI) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,397,522 shares of the company’s stock after selling 50,801 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in VICI Properties were worth $120,140,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VICI. Bayban acquired a new stake in shares of VICI Properties in the 4th quarter valued at $25,000. State of Wyoming acquired a new position in shares of VICI Properties during the 2nd quarter worth $26,000. Evolution Wealth Management Inc. acquired a new position in shares of VICI Properties during the 4th quarter worth $28,000. Headlands Technologies LLC bought a new stake in shares of VICI Properties during the 2nd quarter worth $28,000. Finally, Reflection Asset Management bought a new stake in shares of VICI Properties during the 4th quarter worth $29,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays lifted their target price on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada began coverage on shares of VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Morgan Stanley decreased 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. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of VICI Properties in a research report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $32.57.

VICI Properties Trading Up 0.2%

VICI Properties stock traded up $0.05 during trading hours on Friday, hitting $25.98. The stock had a trading volume of 7,324,070 shares, compared to its average volume of 11,186,330. The business’s 50 day simple moving average is $27.66 and its 200-day simple moving average is $28.19. VICI Properties Inc. has a one year low of $25.82 and a one year high of $34.01. The stock has a market cap of $27.77 billion, a price-to-earnings ratio of 8.90 and a beta of 0.65. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59.

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

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s payout ratio is presently 61.64%.

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.