M&T Bank Corp Boosts Position in VICI Properties Inc. $VICI

Key Points

• M&T Bank Corp raised its stake in VICI Properties by 45.9%, acquiring 307,496 shares to hold 977,991 shares (~$27.5M), and VICI remains heavily institutionally owned (~97.71%) with other large increases from Citigroup, Allianz and Bank of America.
• VICI reported an EPS beat of $0.82 vs. $0.71, set FY2026 guidance of 2.44–2.47 EPS, and pays a quarterly dividend of $0.45 (annualized yield ~6.4%); the stock trades near $28 with a market cap of about $30.0B and a P/E of ~9.6.

M&T Bank Corp raised its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 45.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 977,991 shares of the company's stock after buying an additional 307,496 shares during the period. M&T Bank Corp owned about 0.09% of VICI Properties worth $27,501,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VICI. Citigroup Inc. boosted its stake in VICI Properties by 117.1% in the 3rd quarter. Citigroup Inc. now owns 3,136,663 shares of the company's stock valued at $102,287,000 after purchasing an additional 1,691,653 shares during the period. Allianz Asset Management GmbH increased its position in VICI Properties by 11.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company's stock worth $912,644,000 after buying an additional 2,937,039 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of VICI Properties by 24.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 891,188 shares of the company's stock worth $24,817,000 after buying an additional 173,013 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of VICI Properties by 482.5% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 140,436 shares of the company's stock worth $4,580,000 after buying an additional 116,325 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of VICI Properties by 17.9% in the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company's stock valued at $853,087,000 after acquiring an additional 3,968,349 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Down 1.7%

VICI stock opened at $28.10 on Tuesday. VICI Properties Inc. has a 52 week low of $26.55 and a 52 week high of $34.01. The business has a 50-day simple moving average of $28.52 and a 200 day simple moving average of $28.83. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. The company has a market cap of $30.03 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 3.27 and a beta of 0.67.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.11. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The business's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Sell-side analysts anticipate that VICI Properties Inc. will post 2.45 EPS for the current fiscal year.

VICI Properties Announces Dividend

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

Analysts Set New Price Targets

VICI has been the topic of a number of recent research reports. Robert W. Baird lowered their price target on shares of VICI Properties from $36.00 to $34.00 and set an "outperform" rating on the stock in a research report on Monday, March 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of VICI Properties in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of VICI Properties in a report on Monday. Cantor Fitzgerald set a $33.00 price target on shares of VICI Properties in a research report on Monday, January 5th. Finally, Mizuho reiterated a "neutral" rating and issued a $30.00 price target on shares of VICI Properties in a research note on Wednesday, March 11th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $33.23.

About VICI Properties

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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