Aviance Capital Partners LLC Invests $896,000 in VICI Properties Inc. $VICI

Aviance Capital Partners LLC acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 32,813 shares of the company’s stock, valued at approximately $896,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its position in VICI Properties by 24.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 891,188 shares of the company’s stock valued at $24,817,000 after buying an additional 173,013 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its position in VICI Properties by 24.9% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock worth $198,619,000 after acquiring an additional 1,406,897 shares during the last quarter. Wilsey Asset Management Inc. grew its stake in shares of VICI Properties by 6.4% during the 1st quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock worth $30,092,000 after acquiring an additional 65,853 shares in the last quarter. Border to Coast Pensions Partnership Ltd grew its stake in shares of VICI Properties by 26.1% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 725,000 shares of the company’s stock worth $20,424,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of VICI Properties by 11.1% in the fourth quarter. Sound Income Strategies LLC now owns 655,247 shares of the company’s stock valued at $18,989,000 after purchasing an additional 65,573 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

NYSE:VICI opened at $26.88 on Monday. The stock has a market capitalization of $28.74 billion, a PE ratio of 9.21 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $25.82 and a 1-year high of $34.01. The firm has a fifty day simple moving average of $27.44 and a 200 day simple moving average of $28.15. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.11. The firm 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%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. On average, research analysts expect that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s dividend payout ratio is presently 61.64%.

Analyst Ratings Changes

A number of brokerages have recently commented on VICI. Barclays boosted their price objective on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Morgan Stanley lowered their price target on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Scotiabank cut 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 report on Thursday, June 18th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company decreased their price objective on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.21.

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.