Bank of America Corp DE Takes Position in VICI Properties Inc. $VICI

Bank of America Corp DE acquired a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,329,887 shares of the company's stock, valued at approximately $778,709,000. Bank of America Corp DE owned about 2.66% of VICI Properties as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL grew its position in VICI Properties by 0.8% during the first quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company's stock valued at $1,301,000 after acquiring an additional 384 shares during the last quarter. Corrado Advisors LLC lifted its stake in shares of VICI Properties by 0.8% in the 1st quarter. Corrado Advisors LLC now owns 50,301 shares of the company's stock valued at $1,374,000 after acquiring an additional 393 shares during the last quarter. Beacon Investment Advisors LLC boosted its holdings in VICI Properties by 3.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company's stock valued at $393,000 after acquiring an additional 455 shares during the period. Rehmann Capital Advisory Group boosted its holdings in VICI Properties by 5.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company's stock valued at $244,000 after acquiring an additional 483 shares during the period. Finally, Physician Wealth Advisors Inc. grew its position in VICI Properties by 54.5% during the 1st quarter. Physician Wealth Advisors Inc. now owns 1,369 shares of the company's stock worth $37,000 after acquiring an additional 483 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on VICI. Wells Fargo & Company decreased their price target on VICI Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 1st. Weiss Ratings lowered VICI Properties from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a report on Friday, July 31st. Robert W. Baird set a $32.00 price target on shares of VICI Properties in a report on Thursday, July 30th. Finally, Raymond James Financial set a $29.00 price target on shares of VICI Properties in a report on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $30.31.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $24.72 on Wednesday. The firm's 50-day moving average price is $26.13 and its 200-day moving average price is $27.38. 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 company has a market cap of $27.22 billion, a PE ratio of 9.58 and a beta of 0.65. VICI Properties Inc. has a 52-week low of $24.66 and a 52-week high of $33.17.

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 the consensus estimate of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. The firm's 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, analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a yield of 7.4%. This is a boost from VICI Properties's previous quarterly dividend of $0.45. VICI Properties's payout ratio is presently 69.77%.

About VICI Properties

VICI Properties, Inc NYSE: VICI is a real estate investment trust focused on experiential properties, particularly gaming, hospitality and entertainment destinations. The company owns the real estate associated with properties such as casinos, resorts and golf facilities, while operating partners manage the day-to-day businesses.

VICI's portfolio includes prominent gaming and resort assets in Las Vegas and regional markets throughout the United States, as well as properties in Canada.

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