BlackRock Inc. Takes $3.43 Billion Position in VICI Properties Inc. $VICI

BlackRock Inc. acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 129,333,957 shares of the company's stock, valued at approximately $3,433,817,000. BlackRock Inc. owned approximately 11.75% of VICI Properties as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the business. Bayban purchased a new stake in VICI Properties during the fourth quarter valued at $25,000. Dynamic Wealth Strategies LLC purchased a new position in shares of VICI Properties during the 1st quarter valued at $25,000. State of Wyoming purchased a new position in shares of VICI Properties in the second quarter valued at about $26,000. Evolution Wealth Management Inc. purchased a new position in VICI Properties in the 4th quarter worth approximately $28,000. Finally, Headlands Technologies LLC bought a new position in shares of VICI Properties during the second quarter worth $28,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Trading Down 0.0%

Shares of NYSE:VICI opened at $25.95 on Wednesday. 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 52-week low of $25.81 and a 52-week high of $33.92. The business has a 50-day moving average price of $26.70 and a 200-day moving average price of $27.87. The stock has a market cap of $28.58 billion, a price-to-earnings ratio of 10.06 and a beta of 0.65.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same period last year, the company earned $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. Equities analysts predict that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on VICI. Scotiabank dropped their price target on VICI Properties from $32.00 to $29.00 and set a "sector perform" rating for the company in a research note on Thursday, June 18th. Wells Fargo & Company reduced their price objective on shares of VICI Properties from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 15th. Raymond James Financial set a $29.00 target price on VICI Properties in a research report on Thursday, August 13th. Barclays decreased their price target on shares of VICI Properties from $34.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada initiated coverage on shares of VICI Properties in a research report on Thursday, June 25th. They issued a "sector perform" rating and a $29.00 price target for the company. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, VICI Properties currently has an average rating of "Hold" and an average target price 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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