70,000 Shares of VICI Properties Inc. $VICI Purchased by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald Investment Advisors purchased 70,000 VICI Properties shares worth approximately $1.61 million, while institutional investors collectively own 97.71% of the company.
• Analysts have generally taken a cautious stance, with several lowering price targets. VICI has a consensus “Moderate Buy” rating and an average target price of $29.81.
• VICI raised its quarterly dividend to $0.46 per share, or $1.84 annually, implying a 7.7% yield. Its latest quarterly revenue rose 5.7% year over year to $1.06 billion, although earnings per share missed estimates.

Cantor Fitzgerald Investment Advisors L.P. bought a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 70,000 shares of the company's stock, valued at approximately $1,608,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in VICI Properties by 3.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company's stock worth $284,060,000 after buying an additional 349,262 shares during the period. Amundi raised its stake in VICI Properties by 21.1% in the second quarter. Amundi now owns 7,728,135 shares of the company's stock valued at $205,182,000 after buying an additional 1,344,994 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of VICI Properties during the second quarter worth $4,858,000. The Manufacturers Life Insurance Company raised its stake in shares of VICI Properties by 19.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company's stock worth $29,147,000 after purchasing an additional 177,238 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in VICI Properties by 2.7% during the 1st quarter. Bank of America Corp DE now owns 27,948,502 shares of the company's stock valued at $763,553,000 after acquiring an additional 734,068 shares during the period. Institutional investors own 97.71% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley cut their target price on shares of VICI Properties from $31.00 to $29.00 and set an "equal weight" rating for the company in a report on Tuesday, September 15th. Wells Fargo & Company dropped their target price on shares of VICI Properties from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Monday. Royal Bank Of Canada began coverage on VICI Properties in a research report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. cut shares of VICI Properties from an "overweight" rating to a "neutral" rating and set a $30.00 price target for the company. in a research note on Thursday, September 24th. Finally, Truist Financial reduced their price objective on shares of VICI Properties from $38.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $29.81.

VICI Properties Stock Performance

Shares of VICI opened at $24.03 on Friday. The company's 50 day simple moving average is $24.41 and its 200-day simple moving average is $26.41. VICI Properties Inc. has a 12-month low of $22.42 and a 12-month high of $31.69. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The firm has a market cap of $26.46 billion, a PE ratio of 9.31 and a beta of 0.65.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data 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 net margin of 67.50% and a return on equity of 9.66%. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter last year, the business earned $0.60 earnings per share. The business's quarterly revenue was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, equities analysts predict that VICI Properties Inc. will post 2.47 EPS for the current year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Thursday, September 17th. This is an increase from VICI Properties's previous quarterly dividend of $0.45. VICI Properties's dividend payout ratio (DPR) is presently 71.32%.

VICI Properties Profile

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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