NEOS Investment Management LLC boosted its stake in shares of VICI Properties Inc. (NYSE:VICI – Free Report) by 7.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 406,077 shares of the company’s stock after purchasing an additional 28,575 shares during the quarter. NEOS Investment Management LLC’s holdings in VICI Properties were worth $10,781,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in VICI. BlackRock Inc. purchased a new stake in VICI Properties during the second quarter worth $3,433,817,000. Bank of America Corp DE purchased a new position in shares of VICI Properties in the second quarter valued at $778,709,000. Norges Bank purchased a new position in shares of VICI Properties in the fourth quarter valued at $537,676,000. Legal & General Group Plc acquired a new position in shares of VICI Properties during the 2nd quarter worth $366,514,000. Finally, Man Group plc purchased a new stake in shares of VICI Properties in the 2nd quarter worth about $318,249,000. 97.71% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
VICI has been the subject of several recent research reports. Raymond James Financial set a $29.00 target price on shares of VICI Properties in a report on Thursday, August 13th. Morgan Stanley dropped their price objective on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Scotiabank cut 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. Barclays lowered their target price on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, Robert W. Baird set a $32.00 price target on VICI Properties in a research report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $31.00.
VICI Properties Price Performance
VICI Properties stock opened at $25.39 on Friday. The stock has a market capitalization of $27.96 billion, a P/E ratio of 9.84 and a beta of 0.65. VICI Properties Inc. has a 12-month low of $25.34 and a 12-month high of $33.82. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The firm’s 50-day moving average is $26.39 and its two-hundred day moving average is $27.64.
VICI Properties (NYSE:VICI – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company posted $0.60 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current year.
VICI Properties Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.2%. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s dividend payout ratio is currently 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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