Bank of Nova Scotia acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 489,399 shares of the company's stock, valued at approximately $12,994,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Bayban bought a new stake in shares of VICI Properties during the fourth quarter valued at approximately $25,000. Dynamic Wealth Strategies LLC bought a new position in VICI Properties during the first quarter worth about $25,000. State of Wyoming acquired a new position in VICI Properties during the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. acquired a new position in shares of VICI Properties in the 4th quarter valued at $28,000. Finally, Headlands Technologies LLC bought a new stake in shares of VICI Properties in the second quarter worth about $28,000. 97.71% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on VICI. Scotiabank reduced their price objective on 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 shares of VICI Properties in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of VICI Properties in a report on Friday, July 31st. Barclays decreased their target price on VICI Properties from $34.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Finally, Cantor Fitzgerald dropped their price objective on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, August 10th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $31.29.
View Our Latest Stock Analysis on VICI Properties
VICI Properties Stock Up 0.9%
NYSE:VICI opened at $26.76 on Tuesday. The company has a market cap of $29.46 billion, a PE ratio of 10.37 and a beta of 0.65. The firm's 50 day simple moving average is $26.57 and its 200 day simple moving average is $27.83. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. VICI Properties Inc. has a one year low of $25.81 and a one year high of $33.92.
VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.VICI Properties's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, research analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current year.
VICI Properties Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors 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 dividend yield of 6.7%. The ex-dividend date was Thursday, June 18th. VICI Properties's payout ratio is presently 69.77%.
VICI Properties Profile
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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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