Principal Financial Group Inc. Sells 5,970,218 Shares of VICI Properties Inc. $VICI

Principal Financial Group Inc. trimmed its position in VICI Properties Inc. (NYSE:VICI) by 77.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,777,816 shares of the company’s stock after selling 5,970,218 shares during the period. Principal Financial Group Inc.’s holdings in VICI Properties were worth $48,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in VICI. Bayban acquired a new stake in shares of VICI Properties during the fourth quarter worth $25,000. State of Wyoming acquired a new position in shares of VICI Properties in the second quarter valued at about $26,000. Evolution Wealth Management Inc. acquired a new position in shares of VICI Properties in the fourth quarter valued at about $28,000. Headlands Technologies LLC bought a new position in VICI Properties during the second quarter worth about $28,000. Finally, Reflection Asset Management bought a new position in VICI Properties during the fourth quarter worth about $29,000. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of VICI Properties in a research note on Monday, May 4th. Barclays increased their target price on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Scotiabank lowered their target price on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company cut their price target on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.21.

VICI Properties Stock Down 1.0%

Shares of NYSE VICI opened at $26.88 on Friday. The stock has a market capitalization of $28.74 billion, a P/E ratio of 9.21 and a beta of 0.65. The stock’s fifty day moving average is $27.44 and its 200 day moving average is $28.15. VICI Properties Inc. has a 52 week low of $25.82 and a 52 week high of $34.01. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data 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. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. VICI Properties’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Sell-side analysts forecast that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were given a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.7%. VICI Properties’s payout ratio is presently 61.64%.

VICI Properties Company 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.