Lansforsakringar Fondforvaltning AB publ boosted its position in VICI Properties Inc. (NYSE:VICI – Free Report) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,015 shares of the company’s stock after buying an additional 20,377 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in VICI Properties were worth $10,273,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of VICI Properties by 24.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 891,188 shares of the company’s stock valued at $24,817,000 after buying an additional 173,013 shares during the last quarter. Bank of America Corp DE increased its stake in shares of VICI Properties by 17.9% in 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. Cbre Investment Management Listed Real Assets LLC raised its holdings in VICI Properties by 24.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock valued at $198,619,000 after acquiring an additional 1,406,897 shares in the last quarter. California Public Employees Retirement System raised its holdings in VICI Properties by 43.8% in the third quarter. California Public Employees Retirement System now owns 3,454,904 shares of the company’s stock valued at $112,664,000 after acquiring an additional 1,052,393 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in VICI Properties in the third quarter valued at $13,926,000. 97.71% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on VICI shares. Royal Bank Of Canada assumed coverage on shares of VICI Properties in a research report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Barclays increased their price target on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research 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 report on Thursday, June 18th. Finally, Mizuho restated a “neutral” rating and set a $30.00 price objective on shares of VICI Properties in a research note on Wednesday, March 11th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.86.
VICI Properties Stock Down 1.0%
VICI stock opened at $26.29 on Thursday. The firm has a market cap of $28.10 billion, a price-to-earnings ratio of 9.00 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $26.08 and a 1-year high of $34.01. The firm has a fifty day moving average price of $27.93 and a two-hundred day moving average price of $28.28. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62.
VICI Properties (NYSE:VICI – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $0.58 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Research analysts predict that VICI Properties Inc. will post 2.46 EPS for the current year.
VICI Properties Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders 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 dividend yield of 6.8%. 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.
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