Louisiana State Employees Retirement System Makes New $1.49 Million Investment in VICI Properties Inc. $VICI

Louisiana State Employees Retirement System purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 54,500 shares of the company’s stock, valued at approximately $1,489,000.

Other large investors have also recently made changes to their positions in the company. Kestra Private Wealth Services LLC raised its position in VICI Properties by 27.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 62,502 shares of the company’s stock worth $1,708,000 after purchasing an additional 13,418 shares during the period. Brown Lisle Cummings Inc. boosted its position in VICI Properties by 17.9% during the first quarter. Brown Lisle Cummings Inc. now owns 4,600 shares of the company’s stock valued at $126,000 after buying an additional 700 shares during the period. OP Asset Management Ltd bought a new position in shares of VICI Properties during the first quarter valued at about $2,985,000. Assenagon Asset Management S.A. grew its stake in shares of VICI Properties by 5.1% during the first quarter. Assenagon Asset Management S.A. now owns 37,865 shares of the company’s stock valued at $1,034,000 after buying an additional 1,850 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. purchased a new position in shares of VICI Properties in the first quarter worth about $235,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VICI. Barclays increased their target price on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Scotiabank lowered their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a research note on Monday, May 4th. Mizuho restated a “neutral” rating and issued a $30.00 target price on shares of VICI Properties in a report on Wednesday, March 11th. Finally, Royal Bank Of Canada initiated coverage on shares of VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.86.

VICI Properties Trading Up 3.5%

VICI opened at $27.19 on Friday. VICI Properties Inc. has a one year low of $26.08 and a one year high of $34.01. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. The business has a 50 day simple moving average of $27.90 and a two-hundred day simple moving average of $28.27. The firm has a market capitalization of $29.07 billion, a price-to-earnings ratio of 9.31 and a beta of 0.65.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Analysts predict that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be issued a $0.45 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.6%. VICI Properties’s dividend payout ratio is 61.64%.

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.