Raiffeisen Bank International AG Reduces Position in VICI Properties Inc. $VICI

Key Points

• Raiffeisen Bank International cut its VICI Properties stake by 48.6% in the second quarter, selling 83,717 shares and retaining 88,470 shares valued at approximately $2.4 million. Institutional investors still own 97.71% of the company.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and a $31 average price target. Recent firms lowered their targets, while VICI’s stock opened at $25.39, near its 52-week low.
• VICI reported quarterly revenue of $1.06 billion, up 5.7% year over year, but missed earnings expectations. The REIT raised its quarterly dividend to $0.46 per share, representing a 7.2% annualized yield.

Raiffeisen Bank International AG reduced its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 48.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,470 shares of the company's stock after selling 83,717 shares during the period. Raiffeisen Bank International AG's holdings in VICI Properties were worth $2,405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in VICI Properties by 3.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company's stock worth $284,060,000 after buying an additional 349,262 shares in the last quarter. Bank of America Corp DE grew its holdings in VICI Properties by 2.7% in the 1st quarter. Bank of America Corp DE now owns 27,948,502 shares of the company's stock valued at $763,553,000 after buying an additional 734,068 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in VICI Properties in the 2nd quarter valued at $4,858,000. Wilsey Asset Management Inc. increased its stake in shares of VICI Properties by 6.4% in the 1st quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company's stock worth $30,092,000 after acquiring an additional 65,853 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its stake in shares of VICI Properties by 24.9% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company's stock worth $198,619,000 after acquiring an additional 1,406,897 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VICI has been the topic of several recent research reports. Mizuho lowered their price target on shares of VICI Properties from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday. Wells Fargo & Company cut their price objective on shares of VICI Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research report on Tuesday. Barclays reduced their target price on shares of VICI Properties from $34.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a report on Friday, July 31st. Finally, Royal Bank Of Canada assumed coverage on shares of VICI Properties in a report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price target for the company. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.00.

VICI Properties Stock Performance

NYSE:VICI opened at $25.39 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $27.96 billion, a P/E ratio of 9.84 and a beta of 0.65. The company has a 50 day moving average price of $26.39 and a 200 day moving average price of $27.64. VICI Properties Inc. has a fifty-two week low of $25.34 and a fifty-two week high of $33.82.

VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business posted $0.60 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities research analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current 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 dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, September 17th. This is a positive change from VICI Properties's previous quarterly dividend of $0.45. VICI Properties's dividend payout ratio is currently 69.77%.

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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