Convergence Investment Partners LLC raised its position in VICI Properties Inc. (NYSE:VICI – Free Report) by 77.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,828 shares of the company’s stock after acquiring an additional 25,720 shares during the quarter. Convergence Investment Partners LLC’s holdings in VICI Properties were worth $1,607,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in shares of VICI Properties by 204.4% in the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after purchasing an additional 25,234 shares during the last quarter. Woodline Partners LP increased its holdings in VICI Properties by 41.3% during the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock valued at $2,905,000 after purchasing an additional 26,017 shares during the period. Jump Financial LLC raised its position in VICI Properties by 45.0% during the 2nd quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock valued at $867,000 after purchasing an additional 8,259 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in VICI Properties by 96.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock worth $31,843,000 after buying an additional 478,538 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in VICI Properties by 1.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock worth $6,860,000 after buying an additional 2,775 shares during the period. 97.71% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on VICI. Royal Bank Of Canada began coverage on VICI Properties in a research report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective on the stock. Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a research note on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Wells Fargo & Company reduced their price objective on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Finally, Scotiabank decreased their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, VICI Properties presently has an average rating of “Hold” and an average price target of $32.00.
VICI Properties Stock Performance
VICI Properties stock opened at $26.58 on Wednesday. VICI Properties Inc. has a fifty-two week low of $25.82 and a fifty-two week high of $34.01. The stock’s 50 day simple moving average is $27.36 and its two-hundred day simple moving average is $28.12. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62. The stock has a market cap of $28.41 billion, a price-to-earnings ratio of 9.10 and a beta of 0.65.
VICI Properties (NYSE:VICI – Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business posted $0.58 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. As a group, analysts expect 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 was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.8%. VICI Properties’s dividend payout ratio (DPR) 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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