DAVENPORT & Co LLC Boosts Holdings in VICI Properties Inc. $VICI

DAVENPORT & Co LLC increased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 639.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 93,363 shares of the company’s stock after purchasing an additional 80,736 shares during the quarter. DAVENPORT & Co LLC’s holdings in VICI Properties were worth $2,625,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in VICI Properties by 204.4% during the 1st quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after buying an additional 25,234 shares during the last quarter. Woodline Partners LP grew its position in shares of VICI Properties by 41.3% during the first quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock worth $2,905,000 after acquiring an additional 26,017 shares during the last quarter. Choreo LLC grew its position in shares of VICI Properties by 11.3% during the second quarter. Choreo LLC now owns 19,696 shares of the company’s stock worth $651,000 after acquiring an additional 1,994 shares during the last quarter. Vinva Investment Management Ltd increased its holdings in shares of VICI Properties by 23.7% in the 2nd quarter. Vinva Investment Management Ltd now owns 66,512 shares of the company’s stock valued at $2,147,000 after acquiring an additional 12,748 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of VICI Properties by 12.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 11,854 shares of the company’s stock valued at $386,000 after acquiring an additional 1,315 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Down 2.1%

VICI stock opened at $26.60 on Friday. The stock has a market capitalization of $28.43 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 3.05 and a beta of 0.67. The company has a fifty day moving average of $28.82 and a 200-day moving average of $29.52. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.17 and a current ratio of 3.17. VICI Properties Inc. has a one year low of $26.55 and a one year high of $34.01.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 earnings per share. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. As a group, analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, March 19th. This represents a $1.80 annualized dividend and a yield of 6.8%. VICI Properties’s payout ratio is presently 68.97%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Mizuho reiterated a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a research note on Wednesday, March 11th. Barclays dropped their price target on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a research note on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Finally, Robert W. Baird dropped their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.69.

VICI Properties Company 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.