OFI Invest Asset Management Invests $13.98 Million in VICI Properties Inc. $VICI

OFI Invest Asset Management purchased a new position in VICI Properties Inc. (NYSE:VICI) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 497,173 shares of the company’s stock, valued at approximately $13,981,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. West Paces Advisors Inc. raised its holdings in shares of VICI Properties by 2.4% in the fourth quarter. West Paces Advisors Inc. now owns 18,226 shares of the company’s stock worth $513,000 after buying an additional 435 shares during the period. Oak Thistle LLC raised its holdings in shares of VICI Properties by 243.5% in the fourth quarter. Oak Thistle LLC now owns 106,228 shares of the company’s stock worth $2,987,000 after buying an additional 75,303 shares during the period. Vanderbilt University raised its holdings in shares of VICI Properties by 2.9% in the fourth quarter. Vanderbilt University now owns 90,390 shares of the company’s stock worth $2,542,000 after buying an additional 2,538 shares during the period. Future Financial Wealth Managment LLC raised its holdings in shares of VICI Properties by 149.1% in the fourth quarter. Future Financial Wealth Managment LLC now owns 13,404 shares of the company’s stock worth $386,000 after buying an additional 8,022 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of VICI Properties in the fourth quarter worth approximately $86,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VICI has been the topic of several research reports. Robert W. Baird reduced their price objective on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a report on Monday, January 5th. Scotiabank downgraded VICI Properties from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $36.00 to $30.00 in a report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Finally, Mizuho restated a “neutral” rating and set a $30.00 price objective on shares of VICI Properties in a report on Wednesday, March 11th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.69.

VICI Properties Trading Down 0.2%

VICI opened at $27.76 on Thursday. The stock’s fifty day moving average is $28.67 and its two-hundred day moving average is $29.24. The company has a market capitalization of $29.68 billion, a P/E ratio of 10.64, a PEG ratio of 3.17 and a beta of 0.70. VICI Properties Inc. has a 52 week low of $26.55 and a 52 week high of $34.01. 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 announced 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). VICI Properties had a net margin of 69.28% and a return on equity of 10.02%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business posted $0.57 earnings per share. The company’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. Analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The business 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 $0.45 dividend. The ex-dividend date is Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.5%. VICI Properties’s dividend payout ratio (DPR) is currently 68.97%.

VICI Properties 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.