Connor Clark & Lunn Investment Management Ltd. Invests $5.32 Million in VICI Properties Inc. $VICI

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 200,397 shares of the company's stock, valued at approximately $5,321,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. NewEdge Advisors LLC boosted its holdings in shares of VICI Properties by 204.4% in the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company's stock valued at $1,226,000 after buying an additional 25,234 shares during the period. Woodline Partners LP raised its holdings in shares of VICI Properties by 41.3% during the first quarter. Woodline Partners LP now owns 89,062 shares of the company's stock worth $2,905,000 after acquiring an additional 26,017 shares during the period. Jump Financial LLC lifted its position in VICI Properties by 45.0% in the 2nd quarter. Jump Financial LLC now owns 26,597 shares of the company's stock valued at $867,000 after acquiring an additional 8,259 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in VICI Properties by 96.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company's stock worth $31,843,000 after purchasing an additional 478,538 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in VICI Properties by 1.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company's stock worth $6,860,000 after purchasing an additional 2,775 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

NYSE VICI opened at $25.77 on Friday. The firm has a market capitalization of $28.37 billion, a P/E ratio of 9.99 and a beta of 0.65. 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's fifty day moving average price is $26.50 and its two-hundred day moving average price is $27.77. VICI Properties Inc. has a 1 year low of $25.75 and a 1 year high of $33.92.

VICI Properties (NYSE:VICI - Get Free Report) last announced 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 firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business's revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, research analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 7.0%. VICI Properties's dividend payout ratio (DPR) is presently 69.77%.

Analyst Ratings Changes

Several research firms have issued reports on VICI. Wells Fargo & Company dropped 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. Raymond James Financial set a $29.00 price objective on VICI Properties in a research report on Thursday, August 13th. Barclays decreased their price objective on VICI Properties from $34.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Cantor Fitzgerald dropped their target price on VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, August 10th. Finally, Morgan Stanley cut their target price on VICI Properties from $38.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 8th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $31.29.

About VICI Properties

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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