Cullen Capital Management LLC purchased a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,969,674 shares of the company's stock, valued at approximately $185,045,000. VICI Properties makes up about 1.8% of Cullen Capital Management LLC's holdings, making the stock its 22nd largest position. Cullen Capital Management LLC owned about 0.63% of VICI Properties as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of VICI. Gamco Investors INC. ET AL lifted its holdings in shares of VICI Properties by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company's stock worth $1,301,000 after acquiring an additional 384 shares during the last quarter. Corrado Advisors LLC increased its position in VICI Properties by 0.8% during the 1st quarter. Corrado Advisors LLC now owns 50,301 shares of the company's stock worth $1,374,000 after purchasing an additional 393 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in VICI Properties by 2.9% in the 4th quarter. Farther Finance Advisors LLC now owns 15,328 shares of the company's stock valued at $431,000 after purchasing an additional 434 shares during the last quarter. Beacon Investment Advisors LLC boosted its position in VICI Properties by 3.4% in the fourth quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company's stock valued at $393,000 after buying an additional 455 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in shares of VICI Properties by 5.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company's stock worth $244,000 after buying an additional 483 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Morgan Stanley dropped their price target on VICI Properties from $38.00 to $31.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 8th. Wells Fargo & Company dropped their target price on VICI Properties from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 15th. Royal Bank Of Canada initiated coverage on VICI Properties in a report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price target on the stock. 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 report on Thursday, June 18th. Finally, Raymond James Financial set a $29.00 price objective on VICI Properties in a research note on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $31.29.
Read Our Latest Report on VICI Properties
VICI Properties Stock Performance
NYSE VICI opened at $26.76 on Tuesday. The company has a market capitalization of $29.46 billion, a price-to-earnings ratio of 10.37 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. VICI Properties Inc. has a twelve month low of $25.81 and a twelve month high of $33.92. The stock has a fifty day simple moving average of $26.57 and a 200 day simple moving average of $27.83.
VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.09). The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Sell-side analysts expect that VICI Properties Inc. will post 2.46 EPS for the current year.
VICI Properties Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Thursday, June 18th. 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.
Featured Stories
Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider VICI Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VICI Properties wasn't on the list.
While VICI Properties currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
