NewEdge Advisors LLC Acquires 42,945 Shares of VICI Properties Inc. $VICI

Key Points

• NewEdge Advisors increased its VICI Properties stake by 48.2% in the second quarter, acquiring 42,945 additional shares for a total holding of 132,052 shares valued at approximately $3.5 million. Institutional investors collectively own 97.71% of the company.
• VICI shares opened at $24.72, near their 52-week low, while the company’s latest quarterly revenue rose 5.7% year over year to $1.06 billion. However, adjusted earnings of $0.62 per share fell short of the $0.71 consensus estimate.
• VICI raised its quarterly dividend to $0.46 per share, equivalent to an annualized $1.84 payout and a 7.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $30.31.

NewEdge Advisors LLC boosted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 48.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 132,052 shares of the company's stock after buying an additional 42,945 shares during the period. NewEdge Advisors LLC's holdings in VICI Properties were worth $3,506,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of VICI. BlackRock Inc. bought a new stake in shares of VICI Properties during the second quarter worth $3,433,817,000. Geode Capital Management LLC boosted its stake in VICI Properties by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company's stock worth $1,030,716,000 after purchasing an additional 1,037,345 shares during the period. Allianz Asset Management GmbH boosted its stake in VICI Properties by 1.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 31,527,182 shares of the company's stock worth $837,047,000 after purchasing an additional 566,922 shares during the period. Bank of America Corp DE acquired a new position in VICI Properties in the 2nd quarter worth $778,709,000. Finally, Norges Bank bought a new position in VICI Properties during the 4th quarter worth about $537,676,000. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Down 1.3%

VICI Properties stock opened at $24.72 on Wednesday. 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 Inc. has a 1-year low of $24.66 and a 1-year high of $33.17. The company has a fifty day simple moving average of $26.13 and a 200 day simple moving average of $27.38. The company has a market cap of $27.22 billion, a P/E ratio of 9.58 and a beta of 0.65.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm earned $0.60 earnings per share. The company's quarterly 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. Research analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, September 17th. This is a boost from VICI Properties's previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 7.4%. VICI Properties's dividend payout ratio is currently 69.77%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VICI shares. Royal Bank Of Canada began coverage on VICI Properties in a research note on Thursday, June 25th. They issued a "sector perform" rating and a $29.00 price target on the stock. Scotiabank reduced their price objective on VICI Properties from $32.00 to $29.00 and set a "sector perform" rating for the company in a research report on Thursday, June 18th. Barclays decreased their price objective on VICI Properties from $34.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Morgan Stanley dropped their target price on VICI Properties from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, Cantor Fitzgerald cut their target price on VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $30.31.

About VICI Properties

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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