Gabelli Funds LLC Increases Stock Holdings in VICI Properties Inc. $VICI

Gabelli Funds LLC raised its position in VICI Properties Inc. (NYSE:VICI) by 19.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,124 shares of the company’s stock after acquiring an additional 42,662 shares during the quarter. Gabelli Funds LLC’s holdings in VICI Properties were worth $7,161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of VICI. Vanguard Group Inc. raised its holdings in VICI Properties by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock valued at $4,455,820,000 after acquiring an additional 1,705,855 shares in the last quarter. State Street Corp grew its stake in shares of VICI Properties by 1.7% during the fourth quarter. State Street Corp now owns 63,619,919 shares of the company’s stock worth $1,817,165,000 after purchasing an additional 1,080,992 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of VICI Properties by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock worth $1,030,716,000 after purchasing an additional 1,037,345 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in VICI Properties by 8.2% in the fourth quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock valued at $851,821,000 after buying an additional 2,305,719 shares during the last quarter. Finally, Norges Bank purchased a new position in VICI Properties in the fourth quarter valued at $537,676,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VICI. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a research report on Monday, May 4th. Scotiabank reduced their target price on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Wells Fargo & Company decreased their target price on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Finally, Morgan Stanley dropped their price target on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $31.77.

VICI Properties Stock Up 0.1%

Shares of NYSE:VICI opened at $26.76 on Tuesday. VICI Properties Inc. has a 1-year low of $25.82 and a 1-year high of $34.01. 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 stock has a market cap of $28.61 billion, a P/E ratio of 9.17 and a beta of 0.65. The firm has a fifty day moving average price of $27.24 and a 200 day moving average price of $28.08.

VICI Properties (NYSE:VICI) last posted 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. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business posted $0.58 earnings per share. VICI Properties’s quarterly revenue was up 3.5% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Sell-side analysts predict that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid 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 yield of 6.7%. VICI Properties’s dividend 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.