Capital Research Global Investors Decreases Stake in VICI Properties Inc. $VICI

Capital Research Global Investors lowered its position in VICI Properties Inc. (NYSE:VICI) by 47.7% during the fourth quarter, HoldingsChannel reports. The firm owned 26,852,486 shares of the company’s stock after selling 24,500,786 shares during the period. Capital Research Global Investors’ holdings in VICI Properties were worth $755,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Havemeyer Place LP purchased a new position in VICI Properties in the 4th quarter valued at $1,342,000. Vestcor Inc lifted its holdings in VICI Properties by 23.6% in the 4th quarter. Vestcor Inc now owns 503,255 shares of the company’s stock valued at $14,152,000 after purchasing an additional 96,198 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in VICI Properties by 15.7% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 368,049 shares of the company’s stock valued at $10,350,000 after purchasing an additional 49,890 shares in the last quarter. Pinebridge Investments LLC purchased a new position in VICI Properties in the 4th quarter valued at $44,740,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in VICI Properties in the 4th quarter valued at $5,913,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.1%

Shares of VICI opened at $27.88 on Monday. VICI Properties Inc. has a 52-week low of $26.55 and a 52-week high of $34.01. The company has a market capitalization of $29.81 billion, a PE ratio of 9.55 and a beta of 0.65. The stock has a fifty day simple moving average of $28.16 and a two-hundred day simple moving average of $28.44. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $0.58 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. As a group, equities analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 18th. 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 61.64%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VICI shares. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a report on Monday, May 4th. Mizuho restated a “neutral” rating and issued a $30.00 price objective on shares of VICI Properties in a report on Wednesday, March 11th. Barclays raised their target price on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Robert W. Baird cut their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Finally, Scotiabank raised their target price on VICI Properties from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 12th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.38.

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.