Squarepoint Ops LLC reduced its stake in VICI Properties Inc. (NYSE:VICI – Free Report) by 37.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,814,130 shares of the company’s stock after selling 1,102,775 shares during the period. Squarepoint Ops LLC’s holdings in VICI Properties were worth $48,165,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. State of Wyoming acquired a new stake in VICI Properties in the 2nd quarter valued at $26,000. Headlands Technologies LLC acquired a new position in VICI Properties during the second quarter worth $28,000. Bayban acquired a new position in VICI Properties during the fourth quarter worth $25,000. Dynamic Wealth Strategies LLC bought a new position in shares of VICI Properties during the first quarter valued at $25,000. Finally, BOKF NA acquired a new stake in shares of VICI Properties in the 3rd quarter valued at $30,000. 97.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on VICI shares. Raymond James Financial set a $29.00 target price on shares of VICI Properties in a research report on Thursday, August 13th. Royal Bank Of Canada started coverage on shares of VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price objective on the stock. Scotiabank dropped 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. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a research note on Friday, July 31st. Finally, Wells Fargo & Company reduced their target price on VICI Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 1st. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, VICI Properties currently has an average rating of “Hold” and an average price target of $31.00.
VICI Properties Price Performance
Shares of VICI stock opened at $25.27 on Wednesday. The firm’s 50 day moving average is $26.33 and its 200-day moving average is $27.56. The firm has a market capitalization of $27.82 billion, a price-to-earnings ratio of 9.79 and a beta of 0.65. VICI Properties Inc. has a 1 year low of $25.23 and a 1 year high of $33.38. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57.
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 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 business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The company’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. Sell-side analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.
VICI Properties Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be given a $0.46 dividend. The ex-dividend date is Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.3%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s dividend payout ratio is 69.77%.
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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