VICI Properties Inc. $VICI Holdings Lowered by Prudential PLC

Prudential PLC trimmed its stake in shares of VICI Properties Inc. (NYSE:VICI) by 17.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 589,223 shares of the company’s stock after selling 128,720 shares during the quarter. Prudential PLC’s holdings in VICI Properties were worth $16,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of VICI Properties by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock worth $4,455,820,000 after buying an additional 1,705,855 shares in the last quarter. State Street Corp raised its position in shares of VICI Properties by 4.8% during the 3rd quarter. State Street Corp now owns 62,538,927 shares of the company’s stock worth $2,065,862,000 after buying an additional 2,844,265 shares in the last quarter. Geode Capital Management LLC raised its position 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 worth $1,030,716,000 after buying an additional 1,037,345 shares in the last quarter. Bank of America Corp DE raised its position in shares of VICI Properties by 17.9% during the 3rd quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock worth $853,087,000 after buying an additional 3,968,349 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of VICI Properties by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,409,381 shares of the company’s stock worth $763,380,000 after buying an additional 1,598,238 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Up 2.5%

NYSE VICI opened at $27.88 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. The company’s 50 day simple moving average is $28.16 and its 200 day simple moving average is $28.45. VICI Properties Inc. has a 12 month low of $26.55 and a 12 month high of $34.01. The company has a market capitalization of $29.81 billion, a P/E ratio of 9.55 and a beta of 0.65.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, April 29th. The company reported $0.82 EPS 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 business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Equities research analysts expect that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Thursday, June 18th. VICI Properties’s payout ratio is presently 61.64%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Mizuho restated a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a research report on Wednesday, March 11th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Friday, March 27th. Robert W. Baird dropped their price target on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a research report on Monday, May 4th. Finally, Barclays boosted their price target on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.38.

About VICI Properties

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.