Wealthfront Advisers LLC acquired a new position in VICI Properties Inc. (NYSE:VICI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 391,056 shares of the company's stock, valued at approximately $10,383,000.
Other hedge funds have also made changes to their positions in the company. Bayban acquired a new stake in shares of VICI Properties in the fourth quarter worth approximately $25,000. Dynamic Wealth Strategies LLC acquired a new position in VICI Properties in the 1st quarter valued at $25,000. State of Wyoming acquired a new position in VICI Properties in the 2nd quarter valued at $26,000. Evolution Wealth Management Inc. acquired a new stake in shares of VICI Properties in the fourth quarter valued at about $28,000. Finally, Headlands Technologies LLC purchased a new position in VICI Properties in the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 97.71% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on VICI shares. Royal Bank Of Canada started coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price target on the stock. Robert W. Baird set a $32.00 price target on VICI Properties in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $30.00 price target on VICI Properties in a research report on Friday, July 31st. Barclays dropped their price objective on VICI Properties from $34.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Finally, Cantor Fitzgerald cut their price objective on VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $31.29.
Get Our Latest Stock Report on VICI
VICI Properties Trading Up 1.8%
Shares of VICI stock opened at $26.39 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $29.05 billion, a P/E ratio of 10.23 and a beta of 0.65. The company has a 50 day moving average price of $26.66 and a 200 day moving average price of $27.86. VICI Properties Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $33.92.
VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.VICI Properties's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities research analysts predict that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.
VICI Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was 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 is currently 69.77%.
About VICI Properties
(
Free Report)
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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