Meiji Yasuda Asset Management Co Ltd. Makes New $3.32 Million Investment in VICI Properties Inc. $VICI

Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of VICI Properties Inc. (NYSE:VICI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 125,086 shares of the company’s stock, valued at approximately $3,321,000.

Several other large investors have also recently added to or reduced their stakes in VICI. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in VICI Properties during the 2nd quarter valued at $234,632,000. Globeflex Capital L P acquired a new position in VICI Properties in the 2nd quarter worth $494,000. Bank of Nova Scotia acquired a new position in VICI Properties in the 2nd quarter worth $12,994,000. Daiichi Life Insurance Co. Ltd. purchased a new position in VICI Properties in the 2nd quarter valued at about $1,176,000. Finally, Commerce Bank purchased a new position in VICI Properties in the 2nd quarter valued at about $333,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VICI has been the topic of several analyst reports. Morgan Stanley dropped their price objective on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Cantor Fitzgerald cut their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Raymond James Financial set a $29.00 price target on VICI Properties in a report on Thursday, August 13th. 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 for the company in a report on Wednesday, July 15th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Hold” and a consensus target price of $31.29.

VICI Properties Stock Performance

Shares of VICI stock opened at $26.76 on Tuesday. The company has a market capitalization of $29.46 billion, a price-to-earnings ratio of 10.37 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $25.81 and a 1-year high of $33.92. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $26.57 and its 200-day simple moving average is $27.83.

VICI Properties (NYSE:VICI) last posted its quarterly 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). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, sell-side analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.7%. VICI Properties’s dividend payout ratio (DPR) is 69.77%.

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.