199,955 Shares in VICI Properties Inc. $VICI Bought by Freestone Grove Partners LP

Key Points

• Freestone Grove Partners purchased 199,955 shares of VICI Properties in the second quarter, valued at approximately $5.3 million. Institutional investors collectively own 97.71% of the REIT’s outstanding shares.
• Analyst sentiment remains mixed, with six Buy ratings and seven Holds; the consensus rating is Hold, with an average price target of $31.29 versus a recent share price of $25.90.
• VICI reported quarterly revenue of $1.06 billion, up 5.7% year over year, but EPS of $0.62 missed estimates. The company also declared a $0.45 quarterly dividend, representing a 6.9% annualized yield.

Freestone Grove Partners LP bought a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 199,955 shares of the company's stock, valued at approximately $5,309,000.

A number of other institutional investors have also recently modified their holdings of the business. Bayban purchased a new stake in shares of VICI Properties during the 4th quarter worth $25,000. Dynamic Wealth Strategies LLC acquired a new stake in shares of VICI Properties in the first quarter valued at approximately $25,000. State of Wyoming acquired a new stake in VICI Properties during the 2nd quarter valued at $26,000. Evolution Wealth Management Inc. acquired a new stake in shares of VICI Properties during the fourth quarter valued at $28,000. Finally, Headlands Technologies LLC purchased a new stake in shares of VICI Properties during the second quarter worth about $28,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VICI shares. Scotiabank lowered their price objective on VICI Properties from $32.00 to $29.00 and set a "sector perform" rating for the company in a research report on Thursday, June 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of VICI Properties in a research note on Wednesday, June 24th. Cantor Fitzgerald lowered their target price on VICI Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, August 10th. Morgan Stanley lowered their price target on shares of VICI Properties from $38.00 to $31.00 and set an "equal weight" rating for the company in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada started coverage on VICI Properties in a research note on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price objective for the company. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $31.29.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $25.90 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The firm has a 50-day simple moving average of $26.49 and a 200 day simple moving average of $27.76. The company has a market cap of $28.52 billion, a PE ratio of 10.04 and a beta of 0.65. VICI Properties Inc. has a fifty-two week low of $25.75 and a fifty-two week high of $33.92.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $0.60 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties's payout ratio is 69.77%.

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.

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