VICI Properties Inc. $VICI Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC cut its position in shares of VICI Properties Inc. (NYSE:VICI) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,688,540 shares of the company’s stock after selling 638,768 shares during the quarter. VICI Properties accounts for 1.7% of Cullen Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Cullen Capital Management LLC’s holdings in VICI Properties were worth $159,962,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VICI. Norges Bank acquired a new position in shares of VICI Properties in the fourth quarter worth $537,676,000. UBS Group AG raised its holdings in shares of VICI Properties by 99.5% in the third quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock worth $314,886,000 after acquiring an additional 4,815,053 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of VICI Properties by 1,699.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 4,544,692 shares of the company’s stock worth $127,797,000 after acquiring an additional 4,292,183 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of VICI Properties by 17.9% in the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock worth $853,087,000 after acquiring an additional 3,968,349 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of VICI Properties in the fourth quarter worth $88,673,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VICI has been the subject of a number of analyst reports. Robert W. Baird cut their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Barclays boosted their price target on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Finally, Scotiabank boosted their price target on VICI Properties from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $33.38.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $28.50 on Friday. The company has a market cap of $30.46 billion, a P/E ratio of 9.76 and a beta of 0.65. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a 52 week low of $26.55 and a 52 week high of $34.01. The business has a fifty day simple moving average of $28.26 and a 200-day simple moving average of $28.41.

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

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.3%. VICI Properties’s payout ratio is currently 61.64%.

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.