Corient Private Wealth LLC Reduces Position in VICI Properties Inc. $VICI

Corient Private Wealth LLC trimmed its stake in VICI Properties Inc. (NYSE:VICI) by 39.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 233,733 shares of the company’s stock after selling 154,161 shares during the quarter. Corient Private Wealth LLC’s holdings in VICI Properties were worth $6,580,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bayban purchased a new position in VICI Properties in the 4th quarter valued at about $25,000. State of Wyoming purchased a new stake in shares of VICI Properties during the second quarter worth about $26,000. Evolution Wealth Management Inc. acquired a new position in shares of VICI Properties in the fourth quarter valued at approximately $28,000. Headlands Technologies LLC acquired a new position in shares of VICI Properties in the second quarter valued at approximately $28,000. Finally, Reflection Asset Management purchased a new position in shares of VICI Properties during the fourth quarter valued at approximately $29,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Trading Down 0.8%

Shares of VICI stock opened at $26.50 on Friday. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $34.01. The firm’s 50 day moving average price is $28.07 and its two-hundred day moving average price is $28.31. The stock has a market cap of $28.33 billion, a price-to-earnings ratio of 9.08 and a beta of 0.65.

VICI Properties (NYSE:VICI) last released its quarterly earnings data 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. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned $0.58 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. On average, analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be paid a $0.45 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.8%. VICI Properties’s dividend payout ratio (DPR) is 61.64%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VICI shares. Scotiabank reduced their price target on 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. Barclays increased their price objective on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research report on Friday, March 27th. Royal Bank Of Canada initiated coverage on shares of VICI Properties in a research report on Thursday. They set a “sector perform” rating and a $29.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a research note on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.86.

VICI Properties 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.