Oppenheimer Asset Management Inc. Sells 110,809 Shares of VICI Properties Inc. $VICI

Key Points

• Oppenheimer Asset Management sold 110,809 shares of VICI, cutting its stake by 18.3% to 494,597 shares worth $13.908 million at the end of the quarter.
• VICI closed a ~$1.16–$1.2 billion acquisition of seven casino properties from Golden Entertainment under a triple‑net master lease and raised 2026 AFFO guidance to $2.44–$2.47, but the stock traded lower on the news.
• VICI beat Q1 EPS estimates ($0.82 vs. $0.71) on $1.02 billion revenue, pays a $0.45 quarterly dividend (annualized $1.80, ~6.3% yield), and has roughly 97.7% institutional ownership.

Oppenheimer Asset Management Inc. decreased its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 494,597 shares of the company's stock after selling 110,809 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in VICI Properties were worth $13,908,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming bought a new position in shares of VICI Properties during the second quarter worth $26,000. Headlands Technologies LLC bought a new position in shares of VICI Properties during the second quarter worth $28,000. Godsey & Gibb Inc. bought a new position in shares of VICI Properties during the third quarter worth $29,000. BOKF NA bought a new position in shares of VICI Properties during the third quarter worth $30,000. Finally, City Holding Co. bought a new position in shares of VICI Properties during the third quarter worth $33,000. Institutional investors own 97.71% of the company's stock.

More VICI Properties News

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

• Positive Sentiment: Closed a large sale‑leaseback that adds cash‑producing assets — VICI completed the previously announced ~ $1.16–$1.2 billion acquisition of seven casino properties from Golden Entertainment and entered a triple‑net master lease with a new operator entity, securing long‑term rent under a low‑capex structure. Article Title
• Positive Sentiment: Raised full‑year AFFO outlook — Management outlined 2026 AFFO of $2.44–$2.47 per share and raised its full‑year guidance, signaling confidence in core cash flow growth that supports the REIT’s dividend and valuation. Article Title
• Neutral Sentiment: Q1 results were largely in line — VICI reported Q1 revenue and EPS that modestly beat or matched consensus (FFO/ AFFO roughly in line with expectations), with year‑over‑year revenue growth but limited upside vs. forecasts. That suggests steady operations but not a big surprise to drive strong upside. Article Title
• Neutral Sentiment: Investor takeaways from the call — Management reiterated growth-through-acquisition strategy and emphasized predictable triple‑net rent streams; the earnings call and presentation provide additional color on pipeline and capital allocation. Article Title
• Negative Sentiment: Market reaction muted/negative — Despite the acquisition and higher AFFO guidance, the stock is declining today, implying investors may have expected larger accretion or were disappointed that FFO/AFFO only matched estimates. Continued sector/interest‑rate sensitivity and valuation (P/E and dividend yield context) may also be weighing on the share price.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VICI. 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 research report on Monday, March 2nd. Barclays upped their target price on shares of VICI Properties from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 21st. Mizuho reiterated a "neutral" rating and set a $30.00 price objective on shares of VICI Properties in a research report on Wednesday, March 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of VICI Properties in a research report on Friday, March 27th. Finally, Cantor Fitzgerald set a $33.00 price objective on shares of VICI Properties in a research report on Monday, January 5th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.42.

VICI Properties Price Performance

VICI stock opened at $28.55 on Friday. VICI Properties Inc. has a 52 week low of $26.55 and a 52 week high of $34.01. The company has a quick ratio of 3.17, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $28.52 and a two-hundred day simple moving average of $28.86. The firm has a market capitalization of $30.52 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 3.34 and a beta of 0.67.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, beating 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 quarter last year, the business earned $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. Analysts anticipate that VICI Properties Inc. will post 2.45 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Thursday, March 19th. VICI Properties's dividend payout ratio (DPR) is 68.97%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.