HighTower Advisors LLC Buys 318,077 Shares of VICI Properties Inc. $VICI

Key Points

• HighTower Advisors increased its VICI Properties stake by 7.3%, buying 318,077 shares to hold 4.67 million shares valued at approximately $124 million. Institutional investors collectively own 97.71% of the REIT.
• Analysts maintain a mixed outlook, with six Buy ratings and seven Holds; VICI has an average rating of “Hold” and a consensus price target of $31, above its reported $25.39 share price.
• VICI raised its quarterly dividend to $0.46 per share, implying a 7.2% annualized yield. Its latest quarter included 5.7% year-over-year revenue growth to $1.06 billion, though adjusted earnings per share missed estimates.

HighTower Advisors LLC increased its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,672,284 shares of the company's stock after acquiring an additional 318,077 shares during the period. HighTower Advisors LLC owned about 0.42% of VICI Properties worth $124,049,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VICI. Bayban acquired a new stake in shares of VICI Properties in the 4th quarter valued at about $25,000. Dynamic Wealth Strategies LLC bought a new stake in shares of VICI Properties in the first quarter valued at about $25,000. State of Wyoming acquired a new position in shares of VICI Properties during the second quarter worth about $26,000. Evolution Wealth Management Inc. acquired a new position in shares of VICI Properties during the fourth quarter worth about $28,000. Finally, Headlands Technologies LLC bought a new position in shares of VICI Properties during the second quarter worth about $28,000. 97.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VICI. 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. Deutsche Bank Aktiengesellschaft set a $30.00 price target on VICI Properties in a research report on Friday, July 31st. Morgan Stanley decreased their price target on shares of VICI Properties from $38.00 to $31.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 8th. Weiss Ratings reissued a "hold (c)" rating on shares of VICI Properties in a research report on Wednesday, June 24th. Finally, Scotiabank reduced their target price on shares of VICI Properties from $32.00 to $29.00 and set a "sector perform" rating for the company in a report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, VICI Properties currently has an average rating of "Hold" and a consensus price target of $31.00.

VICI Properties Price Performance

Shares of VICI opened at $25.39 on Monday. The company has a market cap of $27.96 billion, a price-to-earnings ratio of 9.84 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $25.34 and a 1-year high of $33.82. The company's fifty day simple moving average is $26.39 and its 200 day simple moving average is $27.62. 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 announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the business earned $0.60 EPS. The business's revenue 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. On average, research analysts forecast that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be paid a $0.46 dividend. 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 annualized dividend and a yield of 7.2%. VICI Properties's dividend payout ratio (DPR) is 69.77%.

VICI Properties Company 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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