Brevan Howard Capital Management LP Grows Position in VICI Properties Inc. $VICI

Brevan Howard Capital Management LP lifted its position in VICI Properties Inc. (NYSE:VICI) by 1,068.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 116,817 shares of the company’s stock after purchasing an additional 106,821 shares during the period. Brevan Howard Capital Management LP’s holdings in VICI Properties were worth $3,809,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. CSM Advisors LLC bought a new stake in VICI Properties during the 3rd quarter valued at $14,205,000. Centiva Capital LP lifted its stake in VICI Properties by 244.2% in the third quarter. Centiva Capital LP now owns 24,545 shares of the company’s stock worth $800,000 after acquiring an additional 17,415 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of VICI Properties by 6.4% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 161,931 shares of the company’s stock valued at $5,279,000 after purchasing an additional 9,747 shares in the last quarter. California Public Employees Retirement System boosted its position in VICI Properties by 43.8% during the 3rd quarter. California Public Employees Retirement System now owns 3,454,904 shares of the company’s stock valued at $112,664,000 after acquiring an additional 1,052,393 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of VICI Properties by 17.9% during the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after purchasing an additional 3,968,349 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on VICI shares. The Goldman Sachs Group cut their target price on VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Evercore restated an “in-line” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Scotiabank downgraded VICI Properties from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $36.00 to $30.00 in a report on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.69.

VICI Properties Stock Performance

VICI opened at $28.63 on Tuesday. The company’s 50 day moving average is $28.93 and its 200 day moving average is $29.88. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.59. The company has a market cap of $30.60 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 3.26 and a beta of 0.67. VICI Properties Inc. has a 12-month low of $27.48 and a 12-month high of $34.01.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, February 25th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). VICI Properties had a net margin of 69.28% and a return on equity of 10.02%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company posted $0.57 earnings per share. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. On average, equities research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Thursday, March 19th. VICI Properties’s dividend payout ratio is 68.97%.

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.