Connor Clark & Lunn Investment Management Ltd. Purchases New Stake in VICI Properties Inc. $VICI

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 200,397 shares of the company’s stock, valued at approximately $5,321,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in shares of VICI Properties by 204.4% in the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock valued at $1,226,000 after purchasing an additional 25,234 shares during the last quarter. Woodline Partners LP lifted its stake in shares of VICI Properties by 41.3% during the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock worth $2,905,000 after buying an additional 26,017 shares during the last quarter. Jump Financial LLC lifted its stake in shares of VICI Properties by 45.0% during the 2nd quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock worth $867,000 after buying an additional 8,259 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of VICI Properties by 96.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock worth $31,843,000 after buying an additional 478,538 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of VICI Properties by 1.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock worth $6,860,000 after buying an additional 2,775 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Trading Down 0.9%

VICI stock opened at $25.77 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The company’s 50-day simple moving average is $26.50 and its 200 day simple moving average is $27.77. VICI Properties Inc. has a 52 week low of $25.75 and a 52 week high of $33.92. The company has a market capitalization of $28.37 billion, a PE ratio of 9.99 and a beta of 0.65.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm earned $0.60 EPS. VICI Properties’s revenue for the quarter was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 7.0%. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.

Analysts Set New Price Targets

Several research firms have weighed in on VICI. Cantor Fitzgerald lowered their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Royal Bank Of Canada assumed coverage on VICI Properties in a report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price objective for the company. Morgan Stanley decreased their target price on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Finally, Robert W. Baird set a $32.00 price target on VICI Properties in a report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $31.29.

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.