2,221,297 VICI Properties Inc. $VICI Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management reduced its VICI Properties position by 39.8%, selling 2.22 million shares and retaining 3.35 million shares worth approximately $77 million.
• Institutional investors and hedge funds own 97.71% of VICI. Analysts maintain a “Moderate Buy” consensus, with an average price target of $29.81, although some firms recently lowered their targets.
• VICI raised its quarterly dividend to $0.46 per share, equivalent to an annualized $1.84 payout and an approximately 8.0% yield. Its latest quarterly revenue rose 5.7% year over year to $1.06 billion, while EPS missed estimates.

Robeco Institutional Asset Management B.V. lowered its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 39.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,353,806 shares of the company's stock after selling 2,221,297 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.30% of VICI Properties worth $77,037,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VICI. BlackRock Inc. acquired a new stake in VICI Properties during the 2nd quarter valued at $3,433,817,000. Bank of America Corp DE purchased a new stake in VICI Properties during the 2nd quarter worth $778,709,000. Legal & General Group Plc purchased a new stake in VICI Properties during the 2nd quarter worth $366,514,000. Man Group plc purchased a new stake in VICI Properties during the 2nd quarter worth $318,249,000. Finally, Hsbc Holdings PLC acquired a new position in VICI Properties in the 2nd quarter worth $281,629,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VICI has been the topic of a number of recent analyst reports. Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a report on Thursday, August 13th. Weiss Ratings downgraded VICI Properties from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, September 9th. Mizuho dropped their target price on VICI Properties from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 2nd. Wells Fargo & Company dropped their target price on VICI Properties from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research note on Friday, October 2nd. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.81.

VICI Properties Stock Performance

Shares of VICI opened at $23.13 on Thursday. The firm has a market cap of $25.47 billion, a price-to-earnings ratio of 8.97 and a beta of 0.65. 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 business's 50 day moving average is $24.45 and its two-hundred day moving average is $26.43. VICI Properties Inc. has a 52-week low of $22.42 and a 52-week high of $31.69.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business posted $0.60 EPS. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Analysts forecast that VICI Properties Inc. will post 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were issued a $0.46 dividend. This is a boost from VICI Properties's previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend was Thursday, September 17th. VICI Properties's dividend payout ratio is currently 71.32%.

About VICI Properties

VICI Properties Inc NYSE: VICI is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company's portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.

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