Bank of America Corp DE Purchases 3,968,349 Shares of VICI Properties Inc. $VICI

Bank of America Corp DE boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 17.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,160,282 shares of the company’s stock after purchasing an additional 3,968,349 shares during the quarter. Bank of America Corp DE owned about 2.45% of VICI Properties worth $853,087,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NewEdge Advisors LLC grew its holdings in shares of VICI Properties by 204.4% during the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock valued at $1,226,000 after buying an additional 25,234 shares during the last quarter. Woodline Partners LP raised its holdings in shares of VICI Properties by 41.3% in the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock worth $2,905,000 after acquiring an additional 26,017 shares during the last quarter. Savant Capital LLC lifted its position in VICI Properties by 18.6% in the 2nd quarter. Savant Capital LLC now owns 9,995 shares of the company’s stock valued at $326,000 after acquiring an additional 1,566 shares in the last quarter. AE Wealth Management LLC acquired a new position in VICI Properties during the 2nd quarter valued at about $216,000. Finally, PNC Financial Services Group Inc. boosted its stake in VICI Properties by 15.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 113,504 shares of the company’s stock valued at $3,700,000 after purchasing an additional 15,258 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VICI. Mizuho reissued a “neutral” rating and issued a $30.00 price objective on shares of VICI Properties in a research note on Wednesday, March 11th. Cantor Fitzgerald set a $33.00 target price on VICI Properties in a research report on Monday, January 5th. Wells Fargo & Company reiterated an “equal weight” rating and set a $32.00 price target (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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.69.

VICI Properties Trading Up 0.7%

NYSE:VICI opened at $28.63 on Tuesday. VICI Properties Inc. has a 52 week low of $27.48 and a 52 week high of $34.01. The firm has a 50-day moving average price of $28.93 and a two-hundred day moving average price of $29.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.17 and a current ratio of 3.17. The firm has a market cap of $30.60 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 3.26 and a beta of 0.67.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, February 25th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The business had revenue of $1.01 billion during 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%.VICI Properties’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. On average, equities analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

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