Corient Private Wealth LP purchased a new position in VICI Properties Inc. (NYSE:VICI – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 718,064 shares of the company’s stock, valued at approximately $19,065,000. Corient Private Wealth LP owned 0.07% of VICI Properties at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in VICI. Palogic Value Management L.P. bought a new stake in shares of VICI Properties during the 2nd quarter valued at $1,166,000. Bank of America Corp DE bought a new position in VICI Properties in the 2nd quarter worth about $778,709,000. Freestone Grove Partners LP bought a new position in VICI Properties in the 2nd quarter worth about $5,309,000. Odyssean LLC bought a new position in VICI Properties in the 2nd quarter worth about $236,000. Finally, Man Group plc purchased a new position in VICI Properties during the 2nd quarter valued at about $318,249,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald decreased their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a research report on Thursday, July 30th. Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a research note on Thursday, August 13th. Royal Bank Of Canada started coverage on shares of VICI Properties in a report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price on the stock. Finally, Scotiabank lowered their target price on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.29.
VICI Properties Price Performance
VICI Properties stock opened at $25.90 on Friday. VICI Properties Inc. has a 52 week low of $25.75 and a 52 week high of $33.92. The business has a 50-day simple moving average of $26.49 and a 200 day simple moving average of $27.76. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock has a market cap of $28.52 billion, a price-to-earnings ratio of 10.04 and a beta of 0.65.
VICI Properties (NYSE:VICI – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. VICI Properties’s revenue was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, research analysts forecast that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.
VICI Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Thursday, June 18th. VICI Properties’s dividend payout ratio is 69.77%.
About VICI Properties
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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