Victory Capital Management Inc. Sells 18,343 Shares of VICI Properties Inc. $VICI

Victory Capital Management Inc. lessened its position in VICI Properties Inc. (NYSE:VICI) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 789,338 shares of the company’s stock after selling 18,343 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of VICI Properties worth $25,740,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VICI. State of Wyoming purchased a new position in VICI Properties during the second quarter valued at $26,000. Parvin Asset Management LLC purchased a new stake in shares of VICI Properties in the 2nd quarter worth about $27,000. Headlands Technologies LLC purchased a new stake in shares of VICI Properties in the 2nd quarter worth about $28,000. Godsey & Gibb Inc. bought a new position in shares of VICI Properties in the 3rd quarter worth about $29,000. Finally, City Holding Co. purchased a new position in VICI Properties during the 3rd quarter valued at about $33,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VICI has been the topic of several research reports. The Goldman Sachs Group dropped their price objective on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Wells Fargo & Company reiterated an “equal weight” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Evercore reissued an “in-line” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Finally, Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a research note on Monday, January 5th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.69.

VICI Properties Price Performance

Shares of VICI opened at $29.51 on Tuesday. VICI Properties Inc. has a twelve month low of $27.48 and a twelve month high of $34.03. The company has a market capitalization of $31.54 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 3.40 and a beta of 0.67. The firm has a 50 day moving average of $28.88 and a 200 day moving average of $30.05. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.59.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company posted $0.57 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. As a group, equities research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Thursday, March 19th. VICI Properties’s dividend payout ratio is presently 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.