Bank of New York Mellon Corp Sells 63,764 Shares of VICI Properties Inc. $VICI

Bank of New York Mellon Corp cut its position in VICI Properties Inc. (NYSE:VICI) by 1.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,452,438 shares of the company’s stock after selling 63,764 shares during the period. Bank of New York Mellon Corp’s holdings in VICI Properties were worth $153,323,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Citigroup Inc. lifted its holdings in VICI Properties by 117.1% during the 3rd quarter. Citigroup Inc. now owns 3,136,663 shares of the company’s stock valued at $102,287,000 after purchasing an additional 1,691,653 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of VICI Properties by 24.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 891,188 shares of the company’s stock valued at $24,817,000 after acquiring an additional 173,013 shares during the period. Bank of America Corp DE boosted its position 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 valued at $853,087,000 after acquiring an additional 3,968,349 shares during the period. California Public Employees Retirement System boosted its position in shares of VICI Properties by 43.8% in the third quarter. California Public Employees Retirement System now owns 3,454,904 shares of the company’s stock valued at $112,664,000 after acquiring an additional 1,052,393 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of VICI Properties in the third quarter valued at about $13,926,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research report on Friday, March 27th. Scotiabank boosted their price target on VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 12th. Robert W. Baird dropped their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Mizuho reissued a “neutral” rating and set a $30.00 target price on shares of VICI Properties in a research note on Wednesday, March 11th. Finally, Barclays boosted their target price on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $33.38.

VICI Properties Stock Performance

NYSE:VICI opened at $27.88 on Friday. The stock has a market cap of $29.81 billion, a P/E ratio of 9.55 and a beta of 0.65. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. The stock’s 50-day moving average is $28.16 and its 200-day moving average is $28.45. VICI Properties Inc. has a 1-year low of $26.55 and a 1-year high of $34.01.

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

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Thursday, June 18th. VICI Properties’s payout ratio is 61.64%.

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.