Bank of Nova Scotia Sells 47,046 Shares of VICI Properties Inc. $VICI

Bank of Nova Scotia cut its position in shares of VICI Properties Inc. (NYSE:VICI) by 6.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 698,909 shares of the company’s stock after selling 47,046 shares during the quarter. Bank of Nova Scotia’s holdings in VICI Properties were worth $19,095,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cbre Investment Management Listed Real Assets LLC increased its holdings in VICI Properties by 24.9% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock valued at $198,619,000 after buying an additional 1,406,897 shares during the period. Wilsey Asset Management Inc. raised its stake in shares of VICI Properties by 6.4% in the 1st quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock valued at $30,092,000 after buying an additional 65,853 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its holdings 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 during the period. Sound Income Strategies LLC lifted its holdings in shares of VICI Properties by 11.1% during the 4th quarter. Sound Income Strategies LLC now owns 655,247 shares of the company’s stock worth $18,989,000 after acquiring an additional 65,573 shares during the period. Finally, Truist Financial Corp lifted its holdings in shares of VICI Properties by 309.1% during the 4th quarter. Truist Financial Corp now owns 638,562 shares of the company’s stock worth $17,956,000 after acquiring an additional 482,476 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VICI. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Scotiabank cut their price target on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Wells Fargo & Company decreased their price objective on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Barclays lowered their price objective on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Royal Bank Of Canada assumed coverage on VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price for the company. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.77.

VICI Properties Price Performance

Shares of VICI stock opened at $26.75 on Friday. VICI Properties Inc. has a 1 year low of $25.82 and a 1 year high of $34.01. The firm’s 50 day moving average is $27.27 and its 200-day moving average is $28.09. The firm has a market capitalization of $28.59 billion, a price-to-earnings ratio of 9.16 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.

VICI Properties (NYSE:VICI) last released 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. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $0.58 earnings per share. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Sell-side analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) 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.