Rakuten Investment Management Inc. Takes Position in VICI Properties Inc. $VICI

Rakuten Investment Management Inc. acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 178,722 shares of the company’s stock, valued at approximately $4,858,000.

Other hedge funds have also modified their holdings of the company. RB Capital Management LLC purchased a new stake in VICI Properties in the second quarter valued at approximately $853,000. Empowered Funds LLC acquired a new position in VICI Properties during the second quarter worth approximately $11,004,000. United Capital Financial Advisors LLC purchased a new position in VICI Properties during the second quarter worth approximately $1,488,000. Equitable Holdings Inc. purchased a new position in VICI Properties during the second quarter worth approximately $417,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of VICI Properties in the 2nd quarter valued at $42,679,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VICI. Cantor Fitzgerald lowered their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Scotiabank cut their target price on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a report on Friday, July 31st. Royal Bank Of Canada assumed coverage on VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target for the company. Finally, Robert W. Baird set a $32.00 price target on VICI Properties in a research note on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, VICI Properties presently has an average rating of “Hold” and an average target price of $31.29.

VICI Properties Price Performance

VICI stock opened at $25.90 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. VICI Properties Inc. has a 1 year low of $25.75 and a 1 year high of $33.92. The firm has a market cap of $28.52 billion, a P/E ratio of 10.04 and a beta of 0.65. The stock has a 50-day simple moving average of $26.49 and a 200-day simple moving average of $27.76.

VICI Properties (NYSE:VICI) last announced 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). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous 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, equities analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently disclosed 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 was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.9%. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.

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.