Adelante Capital Management LLC Takes $35.54 Million Position in VICI Properties Inc. $VICI

Key Points

• Adelante Capital Management acquired 1.34 million VICI Properties shares worth approximately $35.5 million, making VICI its 13th-largest holding and representing 2.3% of its portfolio. Institutional investors collectively own 97.71% of the company.
• VICI reported quarterly revenue of $1.06 billion, up 5.7% year over year, but earnings per share of $0.62 fell short of the $0.71 consensus estimate. The company maintained fiscal 2026 EPS guidance of $2.45–$2.47.
• VICI declared a quarterly dividend of $0.45, equivalent to $1.80 annually and a 6.9% yield. Shares opened at $26.05, while analysts’ consensus rating remained “Hold” with an average price target of $31.29.

Adelante Capital Management LLC purchased a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,338,445 shares of the company's stock, valued at approximately $35,536,000. VICI Properties comprises 2.3% of Adelante Capital Management LLC's investment portfolio, making the stock its 13th biggest holding. Adelante Capital Management LLC owned about 0.12% of VICI Properties at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Gamco Investors INC. ET AL lifted its stake in shares of VICI Properties by 0.8% in the 1st 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 period. Corrado Advisors LLC increased its stake in shares of VICI Properties by 0.8% during the first quarter. Corrado Advisors LLC now owns 50,301 shares of the company's stock worth $1,374,000 after acquiring an additional 393 shares during the period. Beacon Investment Advisors LLC increased its stake in shares of VICI Properties by 3.4% during the fourth quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company's stock worth $393,000 after acquiring an additional 455 shares during the period. Rehmann Capital Advisory Group raised its holdings in 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 purchasing an additional 483 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in VICI Properties by 54.5% during the first quarter. Physician Wealth Advisors Inc. now owns 1,369 shares of the company's stock worth $37,000 after purchasing an additional 483 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Down 0.9%

Shares of NYSE VICI opened at $26.05 on Thursday. The stock has a market capitalization of $28.68 billion, a price-to-earnings ratio of 10.10 and a beta of 0.65. VICI Properties Inc. has a 52 week low of $25.81 and a 52 week high of $33.92. The firm has a 50-day moving average price of $26.51 and a 200 day moving average price of $27.80. 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 (NYSE:VICI - Get Free Report) last issued 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 company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities research analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of recent analyst reports. Scotiabank reduced their price objective on shares of 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. Robert W. Baird set a $32.00 target price on VICI Properties in a research report on Thursday, July 30th. Cantor Fitzgerald cut 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. Raymond James Financial set a $29.00 price target on VICI Properties in a report on Thursday, August 13th. Finally, Wells Fargo & Company decreased their price target on VICI Properties from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 15th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $31.29.

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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