Plato Investment Management Ltd Buys Shares of 38,575 VICI Properties Inc. $VICI

Plato Investment Management Ltd bought a new position in shares of VICI Properties Inc. (NYSE:VICI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 38,575 shares of the company’s stock, valued at approximately $1,018,000.

Several other hedge funds also recently modified their holdings of VICI. Vanguard Group Inc. increased its holdings in VICI Properties by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock worth $4,455,820,000 after purchasing an additional 1,705,855 shares in the last quarter. State Street Corp boosted its stake in shares of VICI Properties by 1.7% during the fourth quarter. State Street Corp now owns 63,619,919 shares of the company’s stock valued at $1,817,165,000 after purchasing an additional 1,080,992 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of VICI Properties by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock worth $1,030,716,000 after purchasing an additional 1,037,345 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of VICI Properties by 8.2% during the fourth quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock worth $851,821,000 after purchasing an additional 2,305,719 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of VICI Properties by 2.7% in the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock valued at $763,553,000 after buying an additional 734,068 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE VICI opened at $25.95 on Wednesday. The firm has a market capitalization of $28.58 billion, a P/E ratio of 10.06 and a beta of 0.65. The firm’s 50-day moving average price is $26.70 and its 200-day moving average price is $27.87. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. VICI Properties Inc. has a 1-year low of $25.81 and a 1-year high of $33.92.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities research analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a $0.45 dividend. 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 dividend payout ratio (DPR) is 69.77%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective for the company. Barclays decreased their price target on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Morgan Stanley dropped their price target on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Cantor Fitzgerald cut their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Finally, Wells Fargo & Company reduced their price objective on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.29.

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.