Richard Bernstein Advisors LLC Reduces Position in VICI Properties Inc. $VICI

Key Points

• Richard Bernstein Advisors cut its stake in VICI by 55.8% in Q3, selling 109,222 shares and leaving it with 86,681 shares valued at about $2.83 million, while institutional investors own roughly 97.71% of the stock.
• VICI declared a quarterly dividend of $0.45 payable on April 9 (record/ex-dividend date March 19), implying an annualized payout of $1.80 and a yield of about 6.1% with a payout ratio near 69%.
• Analysts have recently trimmed price targets (e.g., Goldman Sachs to $34, Evercore to $32), but the consensus rating remains a “Moderate Buy” with a consensus price target of about $33.69.

Richard Bernstein Advisors LLC reduced its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 55.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,681 shares of the company's stock after selling 109,222 shares during the period. Richard Bernstein Advisors LLC's holdings in VICI Properties were worth $2,827,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. State of Wyoming purchased a new position in shares of VICI Properties during the second quarter valued at approximately $26,000. Parvin Asset Management LLC purchased a new stake in VICI Properties during the second quarter valued at $27,000. Headlands Technologies LLC purchased a new position in VICI Properties in the second quarter worth about $28,000. Godsey & Gibb Inc. purchased a new position in shares of VICI Properties in the 3rd quarter worth approximately $29,000. Finally, City Holding Co. purchased a new stake in shares of VICI Properties in the third quarter valued at $33,000. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VICI has been the topic of several research reports. The Goldman Sachs Group reduced their price objective on VICI Properties from $38.00 to $34.00 and set a "buy" rating on the stock in a report on Friday, November 28th. Evercore reaffirmed an "in-line" rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Robert W. Baird cut their price objective on shares of VICI Properties from $36.00 to $34.00 and set an "outperform" rating on the stock in a report on Monday, March 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of VICI Properties in a research note on Monday, December 29th. Finally, Cantor Fitzgerald set a $33.00 target price on VICI Properties in a report on Monday, January 5th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, VICI Properties has a consensus rating of "Moderate Buy" and a consensus price target of $33.69.

VICI Properties Price Performance

NYSE VICI opened at $29.51 on Tuesday. The company has a market cap of $31.54 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 3.40 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.17 and a quick ratio of 3.17. The stock's fifty day moving average price is $28.88 and its 200 day moving average price is $30.05. VICI Properties Inc. has a 1 year low of $27.48 and a 1 year high of $34.03.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.03). The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.01 billion. VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a yield of 6.1%. VICI Properties's payout ratio is presently 68.97%.

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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