First American Trust FSB lessened its stake in VICI Properties Inc. (NYSE:VICI – Free Report) by 86.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,402 shares of the company’s stock after selling 248,345 shares during the quarter. First American Trust FSB’s holdings in VICI Properties were worth $1,108,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 1,705,855 shares during the period. State Street Corp boosted its holdings in shares of VICI Properties by 4.8% in the third quarter. State Street Corp now owns 62,538,927 shares of the company’s stock valued at $2,065,862,000 after buying an additional 2,844,265 shares during the period. Geode Capital Management LLC boosted its holdings in shares of VICI Properties by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock valued at $1,030,716,000 after buying an additional 1,037,345 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of 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 period. Finally, Bank of America Corp DE boosted 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 valued at $853,087,000 after buying an additional 3,968,349 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Barclays lifted their target price on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Mizuho reissued a “neutral” rating and issued a $30.00 target price on shares of VICI Properties in a research report on Wednesday, March 11th. Scotiabank lifted their target price on VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a research report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.38.
VICI Properties Trading Up 1.6%
VICI Properties stock opened at $28.47 on Thursday. The firm has a 50-day moving average of $28.22 and a 200-day moving average of $28.42. VICI Properties Inc. has a one year low of $26.55 and a one 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 company has a market cap of $30.43 billion, a price-to-earnings ratio of 9.75 and a beta of 0.65.
VICI Properties (NYSE:VICI – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 earnings per share. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. On average, equities analysts expect that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors 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 yield of 6.3%. The ex-dividend date is Thursday, June 18th. VICI Properties’s payout ratio is presently 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.
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