California Public Employees Retirement System Acquires 1,052,393 Shares of VICI Properties Inc. $VICI

California Public Employees Retirement System lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 43.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,454,904 shares of the company’s stock after purchasing an additional 1,052,393 shares during the quarter. California Public Employees Retirement System owned approximately 0.32% of VICI Properties worth $112,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VICI. Norges Bank acquired a new stake in shares of VICI Properties in the 2nd quarter valued at $486,945,000. UBS Group AG increased its position in VICI Properties by 99.5% during the third quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock worth $314,886,000 after buying an additional 4,815,053 shares during the last quarter. Bank of America Corp DE increased its position in VICI Properties by 17.9% during the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock worth $853,087,000 after buying an additional 3,968,349 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in VICI Properties by 11.7% during the third quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock valued at $912,644,000 after buying an additional 2,937,039 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of VICI Properties by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock worth $711,043,000 after buying an additional 2,326,747 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.7%

VICI stock opened at $28.63 on Tuesday. The stock has a market capitalization of $30.60 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 3.26 and a beta of 0.67. The company has a 50-day moving average of $28.93 and a two-hundred day moving average of $29.88. VICI Properties Inc. has a 52-week low of $27.48 and a 52-week high of $34.01. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.17 and a quick ratio of 3.17.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. As a group, equities research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, March 19th. VICI Properties’s payout ratio is currently 68.97%.

Analysts Set New Price Targets

VICI has been the subject of several recent analyst reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a research note on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Mizuho reaffirmed a “neutral” rating and set a $30.00 target price on shares of VICI Properties in a research report on Wednesday, March 11th. Finally, Scotiabank downgraded VICI Properties from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $36.00 to $30.00 in a report on Friday, January 30th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.69.

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.