Berger Financial Group Inc Increases Stock Holdings in VICI Properties Inc. $VICI

Berger Financial Group Inc boosted its stake in VICI Properties Inc. (NYSE:VICI) by 17.7% during the first quarter, Holdings Channel.com reports. The fund owned 222,002 shares of the company’s stock after purchasing an additional 33,331 shares during the quarter. Berger Financial Group Inc’s holdings in VICI Properties were worth $6,065,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. Aptus Capital Advisors LLC raised its position in VICI Properties by 5.2% during the third quarter. Aptus Capital Advisors LLC now owns 6,623 shares of the company’s stock worth $216,000 after acquiring an additional 329 shares during the period. Provident Investment Management Inc. grew its position in shares of VICI Properties by 1.5% in the third quarter. Provident Investment Management Inc. now owns 25,760 shares of the company’s stock valued at $840,000 after purchasing an additional 375 shares during the period. Heritage Wealth Advisors increased its stake in shares of VICI Properties by 18.2% during the third quarter. Heritage Wealth Advisors now owns 2,600 shares of the company’s stock worth $85,000 after purchasing an additional 400 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of VICI Properties by 2.9% during the fourth quarter. Farther Finance Advisors LLC now owns 15,328 shares of the company’s stock worth $431,000 after purchasing an additional 434 shares in the last quarter. Finally, West Paces Advisors Inc. raised its position in shares of VICI Properties by 2.4% during the 4th quarter. West Paces Advisors Inc. now owns 18,226 shares of the company’s stock worth $513,000 after purchasing an additional 435 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $27.19 on Friday. 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’s 50 day simple moving average is $27.88 and its 200-day simple moving average is $28.26. The stock has a market cap of $29.07 billion, a P/E ratio of 9.31 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $26.08 and a 1-year high of $34.01.

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

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.6%. VICI Properties’s dividend payout ratio (DPR) is 61.64%.

Analyst Upgrades and Downgrades

VICI has been the topic of a number of research reports. Scotiabank decreased their price target on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Royal Bank Of Canada assumed coverage on VICI Properties in a research report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price on the stock. Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a research note on Monday, May 4th. Finally, Mizuho reiterated a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a research report on Wednesday, March 11th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $32.86.

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.