Corient Private Wealth LP Takes $19.07 Million Position in VICI Properties Inc. $VICI

Corient Private Wealth LP acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 718,064 shares of the company’s stock, valued at approximately $19,065,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VICI. BlackRock Inc. purchased a new position in shares of VICI Properties in the 2nd quarter worth about $3,433,817,000. State Street Corp raised its holdings in shares of VICI Properties by 1.7% during the 4th quarter. State Street Corp now owns 63,619,919 shares of the company’s stock valued at $1,817,165,000 after buying an additional 1,080,992 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of VICI Properties by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock valued at $1,030,716,000 after buying an additional 1,037,345 shares in the last quarter. Allianz Asset Management GmbH lifted its position in VICI Properties by 8.2% in the 4th quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock worth $851,821,000 after buying an additional 2,305,719 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in VICI Properties in the 2nd quarter worth approximately $778,709,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Trading Up 0.5%

Shares of VICI stock opened at $25.90 on Friday. The stock has a market capitalization of $28.52 billion, a PE ratio of 10.04 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $25.75 and a 1-year high of $33.92. The business has a 50-day moving average of $26.49 and a 200 day moving average of $27.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.VICI Properties’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.9%. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VICI. Scotiabank reduced 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 research report on Thursday, June 18th. Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a report on Thursday, July 30th. Royal Bank Of Canada assumed coverage on shares of VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective for the company. Raymond James Financial set a $29.00 target price on shares of VICI Properties in a report on Thursday, August 13th. Finally, Cantor Fitzgerald decreased their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.