Groupe la Francaise Reduces Holdings in VICI Properties Inc. $VICI

Groupe la Francaise reduced its position in shares of VICI Properties Inc. (NYSE:VICI) by 16.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,271 shares of the company’s stock after selling 36,951 shares during the period. Groupe la Francaise’s holdings in VICI Properties were worth $4,945,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in VICI Properties during the 2nd quarter worth $3,433,817,000. California State Teachers Retirement System lifted its holdings in VICI Properties by 2,482.5% in the 2nd quarter. California State Teachers Retirement System now owns 47,561,405 shares of the company’s stock worth $1,262,755,000 after buying an additional 45,719,695 shares in the last quarter. Bank of America Corp DE purchased a new position in VICI Properties in the 2nd quarter valued at about $778,709,000. Norges Bank purchased a new position in VICI Properties in the 4th quarter valued at about $537,676,000. Finally, Legal & General Group Plc acquired a new stake in shares of VICI Properties during the second quarter valued at about $366,514,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Price Performance

VICI opened at $25.39 on Tuesday. The company has a 50-day moving average of $26.35 and a 200-day moving average of $27.59. The company has a market capitalization of $27.96 billion, a P/E ratio of 9.84 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $25.34 and a 1-year high of $33.82. 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 (NYSE:VICI) last issued 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). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business posted $0.60 EPS. The business’s revenue for the quarter 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 analysts expect that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, September 17th. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 7.2%. VICI Properties’s payout ratio is currently 69.77%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Robert W. Baird set a $32.00 target price on VICI Properties in a research report on Thursday, July 30th. Mizuho reduced their price target on VICI Properties from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a research note on Friday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada assumed coverage on VICI Properties in a research report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, VICI Properties currently has an average rating of “Hold” and a consensus target price of $31.00.

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.