Envestnet Asset Management Inc. Reduces Stock Holdings in VICI Properties Inc. $VICI

Key Points

• Envestnet Asset Management reduced its VICI Properties stake by 2.6%, selling 135,240 shares and retaining 5.14 million shares worth approximately $136.4 million. Institutional investors collectively own 97.71% of VICI.
• Analyst sentiment is cautious, with five Buy ratings and eight Holds producing an average “Hold” rating and a $29.93 price target. Several firms recently lowered their targets, including Mizuho to $27 and Scotiabank to $26.
• VICI shares traded near a 52-week low after quarterly EPS missed estimates, although revenue exceeded forecasts and rose 5.7% year over year. The company raised its quarterly dividend to $0.46 per share, implying an annualized yield of about 7.8%.

Envestnet Asset Management Inc. lessened its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,138,728 shares of the company's stock after selling 135,240 shares during the period. Envestnet Asset Management Inc. owned about 0.47% of VICI Properties worth $136,433,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of VICI Properties in the second quarter worth $3,433,817,000. State Street Corp increased its stake in shares of VICI Properties by 4.5% in the second quarter. State Street Corp now owns 67,155,780 shares of the company's stock worth $1,812,259,000 after acquiring an additional 2,920,133 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of VICI Properties by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company's stock worth $1,030,716,000 after acquiring an additional 1,037,345 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of VICI Properties by 1.8% during the second quarter. Allianz Asset Management GmbH now owns 31,527,182 shares of the company's stock worth $837,047,000 after acquiring an additional 566,922 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in VICI Properties during the second quarter valued at $778,709,000. 97.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays cut their price target on VICI Properties from $34.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Royal Bank Of Canada assumed coverage on VICI Properties in a report on Thursday, June 25th. They issued a "sector perform" rating and a $29.00 price objective on the stock. Cantor Fitzgerald cut their price objective on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a research report on Friday, July 31st. Finally, Mizuho dropped their price target on shares of VICI Properties from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 2nd. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, VICI Properties presently has an average rating of "Hold" and an average price target of $29.93.

VICI Properties News Roundup

Here are the key news stories impacting VICI Properties this week:

• Positive Sentiment: VICI’s income appeal remains a key support. A recent income-investing article highlights high-yield, financially established stocks that can provide substantial monthly passive income, a theme that may attract dividend-focused investors to VICI’s casino real-estate portfolio. This Is All You Need to Earn Over $500 a Month From 3 Strong Buy Stocks
• Neutral Sentiment: JPMorgan downgraded VICI from “overweight” to “neutral,” but assigned a $30 price target—well above the recent trading level. The target indicates analysts still see potential upside, though JPMorgan’s more cautious rating could limit near-term enthusiasm. JP Morgan Downgrades VICI Properties to Neutral from Overweight
• Negative Sentiment: Scotiabank reduced its price target from $29 to $26 while maintaining a “sector perform” rating, reflecting more limited expected returns and a cautious view of the real-estate sector. Scotiabank Adjusts VICI Properties Price Target
• Negative Sentiment: Recent coverage emphasizes that VICI reached a 52-week low after quarterly EPS missed consensus expectations. Although revenue exceeded estimates and rose year over year, the earnings shortfall has increased concerns about operating performance and valuation support. VICI Properties Stock Falls to a 52-Week Low as EPS Misses

VICI Properties Trading Up 1.0%

Shares of NYSE:VICI opened at $23.51 on Friday. VICI Properties Inc. has a 12 month low of $23.18 and a 12 month high of $33.01. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The company's fifty day simple moving average is $25.73 and its 200 day simple moving average is $27.05. The firm has a market cap of $25.89 billion, a price-to-earnings ratio of 9.11 and a beta of 0.65.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (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 firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business earned $0.60 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, research analysts forecast that VICI Properties Inc. will post 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.8%. This is an increase from VICI Properties's previous quarterly dividend of $0.45. VICI Properties's dividend payout ratio (DPR) is currently 71.32%.

VICI Properties 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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