Horizon Investments LLC Cuts Stock Holdings in VICI Properties Inc. $VICI

Horizon Investments LLC trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 68.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,902 shares of the company's stock after selling 182,035 shares during the period. Horizon Investments LLC's holdings in VICI Properties were worth $2,387,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in VICI Properties by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company's stock valued at $4,455,820,000 after buying an additional 1,705,855 shares during the period. State Street Corp boosted its holdings in shares of VICI Properties by 4.8% during the third quarter. State Street Corp now owns 62,538,927 shares of the company's stock worth $2,065,862,000 after purchasing an additional 2,844,265 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of VICI Properties by 11.7% during the third quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company's stock worth $912,644,000 after purchasing an additional 2,937,039 shares during the period. Bank of America Corp DE boosted its holdings in shares of VICI Properties by 17.9% during the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company's stock worth $853,087,000 after purchasing an additional 3,968,349 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of VICI Properties by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 23,409,381 shares of the company's stock worth $763,380,000 after purchasing an additional 1,598,238 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on VICI shares. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of VICI Properties in a report on Monday. Scotiabank lowered shares of VICI Properties from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $36.00 to $30.00 in a report on Friday, January 30th. Mizuho reiterated a "neutral" rating and set a $30.00 target price on shares of VICI Properties in a report on Wednesday, March 11th. Robert W. Baird dropped their target price on shares of VICI Properties from $36.00 to $34.00 and set an "outperform" rating for the company in a report on Monday, March 2nd. Finally, Barclays increased their target price on shares of VICI Properties from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.23.

VICI Properties Stock Performance

Shares of VICI opened at $28.28 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. VICI Properties Inc. has a one year low of $26.55 and a one year high of $34.01. The company has a 50-day simple moving average of $28.49 and a two-hundred day simple moving average of $28.81. The firm has a market capitalization of $30.23 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 3.21 and a beta of 0.67.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.71 by $0.11. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business posted $0.58 earnings per share. VICI Properties's quarterly revenue was up 3.5% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. On average, analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.4%. VICI Properties's dividend payout ratio (DPR) is currently 61.64%.

VICI Properties 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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