Ibex Wealth Advisors Buys 83,855 Shares of VICI Properties Inc. $VICI

Ibex Wealth Advisors increased its stake in VICI Properties Inc. (NYSE:VICI) by 46.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 265,865 shares of the company’s stock after acquiring an additional 83,855 shares during the quarter. Ibex Wealth Advisors’ holdings in VICI Properties were worth $7,476,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in VICI Properties by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock worth $4,455,820,000 after acquiring an additional 1,705,855 shares in the last quarter. State Street Corp boosted its holdings in shares of VICI Properties by 1.7% in the fourth quarter. State Street Corp now owns 63,619,919 shares of the company’s stock valued at $1,817,165,000 after purchasing an additional 1,080,992 shares during the period. Geode Capital Management LLC grew its stake in VICI Properties by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock worth $1,030,716,000 after purchasing an additional 1,037,345 shares in the last quarter. Allianz Asset Management GmbH grew its stake in VICI Properties by 8.2% in the fourth quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock worth $851,821,000 after purchasing an additional 2,305,719 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in VICI Properties by 17.9% during the 3rd quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock worth $853,087,000 after purchasing an additional 3,968,349 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Scotiabank upped their target price on VICI Properties from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 12th. Barclays lifted their price objective on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Mizuho restated a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a report on Wednesday, March 11th. Finally, Robert W. Baird lowered their price target on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.38.

VICI Properties Price Performance

Shares of VICI opened at $28.00 on Wednesday. The company has a 50 day moving average of $28.27 and a two-hundred day moving average of $28.40. 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 Inc. has a twelve month low of $26.55 and a twelve month high of $34.01. The company has a market cap of $29.93 billion, a price-to-earnings ratio of 9.59 and a beta of 0.65.

VICI Properties (NYSE:VICI) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted $0.58 earnings per share. The business’s quarterly revenue 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, analysts predict that VICI Properties Inc. will post 2.46 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, July 9th. Shareholders of record on Thursday, June 18th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

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.