Cibc World Market Inc. purchased a new stake in VICI Properties Inc. (NYSE:VICI – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 664,601 shares of the company’s stock, valued at approximately $17,645,000. Cibc World Market Inc. owned 0.06% of VICI Properties at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. OMERS ADMINISTRATION Corp acquired a new position in shares of VICI Properties during the second quarter valued at about $20,410,000. Sanctuary Advisors LLC acquired a new stake in VICI Properties during the second quarter worth about $6,189,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in VICI Properties during the second quarter worth about $5,321,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in VICI Properties during the second quarter valued at about $3,321,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in VICI Properties during the second quarter valued at about $234,632,000. Institutional investors own 97.71% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on VICI shares. Morgan Stanley reduced their price objective on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Royal Bank Of Canada assumed coverage on VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price objective on the stock. Raymond James Financial set a $29.00 target price on VICI Properties in a research note on Thursday, August 13th. Robert W. Baird set a $32.00 price target on shares of VICI Properties in a research note on Thursday, July 30th. Finally, Barclays decreased their price target on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.29.
VICI Properties Stock Up 0.9%
NYSE VICI opened at $26.76 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average is $26.57 and its two-hundred day moving average is $27.83. The company has a market capitalization of $29.46 billion, a price-to-earnings ratio of 10.37 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $25.81 and a 1-year high of $33.92.
VICI Properties (NYSE:VICI – Get Free Report) last released 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 company 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 posted $0.60 earnings per share. The company’s revenue for the quarter 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 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 declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Thursday, June 18th. 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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