Westpac Banking Corp Reduces Holdings in VICI Properties Inc. $VICI

Westpac Banking Corp lowered its stake in shares of VICI Properties Inc. (NYSE:VICI) by 24.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,986 shares of the company’s stock after selling 62,830 shares during the quarter. Westpac Banking Corp’s holdings in VICI Properties were worth $5,436,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VICI. State of Wyoming acquired a new stake in VICI Properties in the 2nd quarter worth approximately $26,000. Headlands Technologies LLC acquired a new position in VICI Properties during the 2nd quarter valued at approximately $28,000. Bayban purchased a new position in shares of VICI Properties in the fourth quarter worth $25,000. BOKF NA purchased a new position in shares of VICI Properties in the third quarter worth $30,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of VICI Properties during the fourth quarter worth $28,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $26.58 on Wednesday. The company has a 50 day simple moving average of $27.36 and a two-hundred day simple moving average of $28.12. The stock has a market cap of $28.41 billion, a price-to-earnings ratio of 9.10 and a beta of 0.65. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a 12 month low of $25.82 and a 12 month high of $34.01.

VICI Properties (NYSE:VICI) last released its quarterly earnings data 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 net margin of 76.83% and a return on equity of 11.05%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned $0.58 earnings per share. The business’s quarterly 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. As a group, analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Royal Bank Of Canada started coverage on VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target for the company. Scotiabank lowered their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Barclays boosted their price target on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, VICI Properties has a consensus rating of “Hold” and a consensus target price of $32.00.

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.