SteelPeak Wealth LLC Acquires 40,040 Shares of VICI Properties Inc. $VICI

SteelPeak Wealth LLC grew its holdings in VICI Properties Inc. (NYSE:VICI) by 66.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,701 shares of the company’s stock after buying an additional 40,040 shares during the period. SteelPeak Wealth LLC’s holdings in VICI Properties were worth $2,751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in VICI. Bayban purchased a new stake in shares of VICI Properties during the 4th quarter valued at about $25,000. State of Wyoming purchased a new position in VICI Properties in the second quarter worth about $26,000. Evolution Wealth Management Inc. purchased a new position in VICI Properties in the fourth quarter worth about $28,000. Headlands Technologies LLC bought a new stake in VICI Properties during the second quarter worth approximately $28,000. Finally, Reflection Asset Management bought a new stake in VICI Properties during the fourth quarter worth approximately $29,000. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VICI shares. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Royal Bank Of Canada started coverage on VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price for the company. Barclays increased their price target on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a research report on Monday, May 4th. Finally, Morgan Stanley dropped their price objective on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $32.21.

VICI Properties Trading Down 1.0%

VICI opened at $26.88 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62. The stock’s 50 day moving average price is $27.44 and its 200-day moving average price is $28.15. VICI Properties Inc. has a one year low of $25.82 and a one year high of $34.01. The stock has a market cap of $28.74 billion, a price-to-earnings ratio of 9.21 and a beta of 0.65.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share 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 analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. On average, equities analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was 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.