Danske Bank A S acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,295,746 shares of the company's stock, valued at approximately $60,952,000. Danske Bank A S owned 0.21% of VICI Properties at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. State of Wyoming purchased a new position in shares of VICI Properties in the 2nd quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in VICI Properties during the second quarter worth about $28,000. Bayban purchased a new stake in VICI Properties during the fourth quarter worth about $25,000. Dynamic Wealth Strategies LLC purchased a new stake in VICI Properties during the first quarter worth about $25,000. Finally, BOKF NA bought a new stake in VICI Properties in the third quarter worth about $30,000. 97.71% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on VICI shares. Raymond James Financial set a $29.00 target price on shares of VICI Properties in a research note on Thursday, August 13th. Cantor Fitzgerald decreased their price target 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. Wells Fargo & Company lowered their price target on shares of VICI Properties from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a research note on Friday, July 31st. Finally, Royal Bank Of Canada assumed coverage on VICI Properties in a report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, VICI Properties currently has a consensus rating of "Hold" and a consensus price target of $31.29.
Read Our Latest Stock Report on VICI
VICI Properties Stock Performance
Shares of VICI stock opened at $25.95 on Wednesday. The firm's 50 day moving average is $26.70 and its 200 day moving average is $27.87. The stock has a market capitalization of $28.58 billion, a P/E ratio of 10.06 and a beta of 0.65. VICI Properties Inc. has a 12 month low of $25.81 and a 12 month high of $33.92. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57.
VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.09). The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, sell-side 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 declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were given a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.9%. VICI Properties's payout ratio is 69.77%.
About VICI Properties
(
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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