Brindle & Bay Financial Advisors LLC bought a new position in shares of VICI Properties Inc. (NYSE:VICI – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,120 shares of the company’s stock, valued at approximately $734,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming acquired a new stake in VICI Properties during the second quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in VICI Properties during the second quarter worth about $28,000. Godsey & Gibb Inc. acquired a new stake in VICI Properties during the third quarter worth about $29,000. BOKF NA acquired a new stake in VICI Properties during the third quarter worth about $30,000. Finally, City Holding Co. acquired a new stake in VICI Properties during the third quarter worth about $33,000. 97.71% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Cantor Fitzgerald set a $33.00 target price on VICI Properties in a report on Monday, January 5th. Barclays raised their target price on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday. Scotiabank downgraded VICI Properties from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $36.00 to $30.00 in a research report on Friday, January 30th. Robert W. Baird lowered their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Finally, Mizuho reiterated a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a research report on Wednesday, March 11th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.42.
VICI Properties Stock Performance
Shares of VICI stock opened at $28.45 on Friday. The company has a market capitalization of $30.41 billion, a P/E ratio of 10.90, a P/E/G ratio of 3.27 and a beta of 0.70. The business’s 50 day moving average is $28.60 and its two-hundred day moving average is $28.91. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a 12-month low of $26.55 and a 12-month high of $34.01.
VICI Properties (NYSE:VICI – Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 EPS. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. Analysts expect that VICI Properties Inc. will post 2.45 EPS for the current fiscal year.
VICI Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a yield of 6.3%. VICI Properties’s dividend payout ratio is currently 68.97%.
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.
See Also
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