Clearbridge Investments LLC Has $36.88 Million Stock Position in VICI Properties Inc. $VICI

Clearbridge Investments LLC reduced its position in VICI Properties Inc. (NYSE:VICI) by 9.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,311,403 shares of the company’s stock after selling 141,481 shares during the period. Clearbridge Investments LLC owned about 0.12% of VICI Properties worth $36,877,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of VICI. State of Wyoming bought a new position in VICI Properties in the 2nd quarter valued at about $26,000. Headlands Technologies LLC bought a new position in VICI Properties in the 2nd quarter valued at about $28,000. BOKF NA bought a new position in VICI Properties in the 3rd quarter valued at about $30,000. Evolution Wealth Management Inc. bought a new position in VICI Properties in the 4th quarter valued at about $28,000. Finally, Avalon Trust Co bought a new position in VICI Properties in the 3rd quarter valued at about $35,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Scotiabank increased their price target on shares of VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Robert W. Baird lowered their price target on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Mizuho reissued a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a report on Wednesday, March 11th. Barclays increased their price target on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.38.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $27.99 on Wednesday. The firm has a market cap of $29.92 billion, a PE ratio of 9.58 and a beta of 0.65. The firm’s fifty day moving average is $28.20 and its 200-day moving average is $28.42. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62. VICI Properties Inc. has a 52 week low of $26.55 and a 52 week high of $34.01.

VICI Properties (NYSE:VICI) last issued its quarterly 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. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. VICI Properties’s revenue was up 3.5% compared to the same quarter last year. 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. Sell-side analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Thursday, June 18th. VICI Properties’s payout ratio is 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.