Corient Private Wealth LP Buys 165,213 Shares of VICI Properties Inc. $VICI

Key Points

• Corient Private Wealth increased its VICI Properties stake by 30.9% in the second quarter, buying 165,213 shares to reach 699,579 shares valued at approximately $18.6 million. Institutional investors collectively own 97.71% of the company.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $30.46. VICI shares opened at $25.01, near their 12-month low of $24.66.
• VICI raised its quarterly dividend to $0.46 per share, equivalent to an annualized $1.84 payout and a 7.4% yield. Its latest quarterly revenue rose 5.7% year over year to $1.06 billion, though EPS of $0.62 missed estimates.

Corient Private Wealth LP raised its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 30.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 699,579 shares of the company's stock after purchasing an additional 165,213 shares during the quarter. Corient Private Wealth LP owned approximately 0.06% of VICI Properties worth $18,574,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of VICI Properties in the 2nd quarter worth about $3,433,817,000. California State Teachers Retirement System lifted its stake in shares of VICI Properties by 2,482.5% in the 2nd quarter. California State Teachers Retirement System now owns 47,561,405 shares of the company's stock valued at $1,262,755,000 after purchasing an additional 45,719,695 shares during the period. Bank of America Corp DE bought a new stake in shares of VICI Properties during the 2nd quarter valued at about $778,709,000. Norges Bank bought a new stake in shares of VICI Properties during the 4th quarter valued at about $537,676,000. Finally, Legal & General Group Plc acquired a new stake in VICI Properties during the second quarter worth approximately $366,514,000. Institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VICI. Raymond James Financial set a $29.00 price target on VICI Properties in a research note on Thursday, August 13th. Weiss Ratings downgraded shares of VICI Properties from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of VICI Properties in a research note on Friday, July 31st. Wells Fargo & Company dropped their target price on shares of VICI Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 1st. Finally, Royal Bank Of Canada started coverage on shares of VICI Properties in a research note on Thursday, June 25th. They set a "sector perform" rating and a $29.00 target price on the stock. Five research 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 has a consensus rating of "Hold" and a consensus target price of $30.46.

VICI Properties Stock Performance

Shares of VICI stock opened at $25.01 on Tuesday. 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 has a fifty day simple moving average of $26.18 and a two-hundred day simple moving average of $27.42. VICI Properties Inc. has a 12 month low of $24.66 and a 12 month high of $33.24. The firm has a market capitalization of $27.54 billion, a PE ratio of 9.70 and a beta of 0.65.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.09). The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.46 per share. This is an increase from VICI Properties's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a yield of 7.4%. VICI Properties's dividend payout ratio (DPR) is presently 69.77%.

VICI Properties Company Profile

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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