Cullen Capital Management LLC reduced its holdings in VICI Properties Inc. (NYSE:VICI – Free Report) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,688,540 shares of the company’s stock after selling 638,768 shares during the quarter. VICI Properties comprises 1.7% of Cullen Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Cullen Capital Management LLC owned 0.53% of VICI Properties worth $159,962,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of VICI. State of Wyoming acquired a new stake in shares of VICI Properties in the 2nd quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of VICI Properties in the 2nd quarter valued at approximately $28,000. Evolution Wealth Management Inc. acquired a new stake in shares of VICI Properties in the 4th quarter valued at approximately $28,000. BOKF NA acquired a new stake in shares of VICI Properties in the 3rd quarter valued at approximately $30,000. Finally, Sarver Vrooman Wealth Advisors acquired a new stake in shares of VICI Properties in the 4th quarter valued at approximately $33,000. 97.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Mizuho reissued a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a report on Monday, May 4th. Scotiabank raised their price target on VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Finally, Robert W. Baird reduced their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.38.
VICI Properties Stock Performance
Shares of VICI stock opened at $28.50 on Friday. The stock has a fifty day moving average price of $28.26 and a 200 day moving average price of $28.41. The stock has a market cap of $30.46 billion, a PE ratio of 9.76 and a beta of 0.65. VICI Properties Inc. has a 1 year low of $26.55 and a 1 year 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 – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.11. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.VICI Properties’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm 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 disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.3%. VICI Properties’s payout ratio is currently 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.
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