Sequoia Financial Advisors LLC Reduces Stock Holdings in VICI Properties Inc. $VICI

Key Points

• Sequoia Financial Advisors cut its VICI Properties stake by 40.8% in the second quarter, selling 77,166 shares and retaining 111,945 shares valued at approximately $2.97 million. Institutional investors collectively own 97.71% of VICI’s outstanding stock.
• Analysts maintain a generally cautious outlook, with five Buy ratings and seven Hold ratings, producing a consensus rating of Hold and an average price target of $30.46.
• VICI reported quarterly revenue of $1.06 billion, up 5.7% year over year, but earnings per share of $0.62 missed estimates. The company raised its quarterly dividend to $0.46, equivalent to a 7.4% annualized yield.

Sequoia Financial Advisors LLC reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 40.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,945 shares of the company's stock after selling 77,166 shares during the period. Sequoia Financial Advisors LLC's holdings in VICI Properties were worth $2,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bayban purchased a new stake in shares of VICI Properties during the fourth quarter worth about $25,000. Dynamic Wealth Strategies LLC purchased a new position in shares of VICI Properties in the 1st quarter valued at approximately $25,000. State of Wyoming purchased a new position in shares of VICI Properties in the 2nd quarter valued at approximately $26,000. Evolution Wealth Management Inc. acquired a new stake in VICI Properties in the 4th quarter worth approximately $28,000. Finally, Headlands Technologies LLC purchased a new stake in VICI Properties during the 2nd quarter worth approximately $28,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VICI. Robert W. Baird set a $32.00 price target on shares of VICI Properties in a research note on Thursday, July 30th. Cantor Fitzgerald lowered their price objective on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, August 10th. Mizuho dropped their price objective on shares of VICI Properties from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Wednesday, September 2nd. Barclays cut their target price on VICI Properties from $34.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company reduced their target price on VICI Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 1st. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $30.46.

VICI Properties Stock Performance

NYSE VICI opened at $24.83 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The stock's 50 day simple moving average is $26.21 and its 200-day simple moving average is $27.45. The company has a market cap of $27.34 billion, a PE ratio of 9.62 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $24.66 and a 1-year high of $33.31.

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 firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The firm's revenue for the quarter 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. As a group, equities research analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be paid a $0.46 dividend. This is an increase from VICI Properties's previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, September 17th. VICI Properties's payout ratio is 69.77%.

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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