Convergence Investment Partners LLC Increases Position in VICI Properties Inc. $VICI

Convergence Investment Partners LLC raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 77.7% in the first quarter, Holdings Channel.com reports. The firm owned 58,828 shares of the company’s stock after purchasing an additional 25,720 shares during the period. Convergence Investment Partners LLC’s holdings in VICI Properties were worth $1,607,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of VICI Properties by 24.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 891,188 shares of the company’s stock valued at $24,817,000 after acquiring an additional 173,013 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of VICI Properties by 24.9% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock worth $198,619,000 after purchasing an additional 1,406,897 shares during the last quarter. Wilsey Asset Management Inc. boosted its stake in VICI Properties by 6.4% in the 1st quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock worth $30,092,000 after purchasing an additional 65,853 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its stake in VICI Properties by 26.1% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 725,000 shares of the company’s stock worth $20,424,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Sound Income Strategies LLC grew its position in VICI Properties by 11.1% during the 4th quarter. Sound Income Strategies LLC now owns 655,247 shares of the company’s stock valued at $18,989,000 after purchasing an additional 65,573 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on VICI. Royal Bank Of Canada began coverage on shares of VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price objective for the company. Scotiabank cut their price target on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Wells Fargo & Company reduced their price target on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Morgan Stanley reduced their price target on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Finally, Barclays boosted their price objective on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.00.

VICI Properties Price Performance

NYSE VICI opened at $26.58 on Wednesday. VICI Properties Inc. has a one year low of $25.82 and a one year high of $34.01. The stock has a 50-day moving average of $27.36 and a 200 day moving average of $28.12. 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 company has a market capitalization of $28.41 billion, a price-to-earnings ratio of 9.10 and a beta of 0.65.

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

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.8%. VICI Properties’s dividend payout ratio is 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.