VICI Properties Inc. $VICI Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management increased its VICI Properties stake by 3.4% in the second quarter, bringing its holdings to 10.7 million shares worth approximately $284.1 million. Institutional investors collectively own 97.71% of the company.
• Analysts maintain a mixed outlook, with six Buy ratings and seven Hold ratings; the consensus rating is Hold with an average price target of $31.29, above the reported share price of $25.69.
• VICI reported quarterly revenue of $1.06 billion, up 5.7% year over year, but EPS of $0.62 missed estimates of $0.71. The REIT also pays a quarterly dividend of $0.45 per share, representing a 7.0% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 3.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,699,040 shares of the company's stock after acquiring an additional 349,262 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.97% of VICI Properties worth $284,060,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of VICI Properties in the 2nd quarter valued at about $3,433,817,000. State Street Corp boosted its position in VICI Properties by 1.7% during the fourth quarter. State Street Corp now owns 63,619,919 shares of the company's stock worth $1,817,165,000 after purchasing an additional 1,080,992 shares in the last quarter. Geode Capital Management LLC grew its holdings in VICI Properties by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company's stock valued at $1,030,716,000 after purchasing an additional 1,037,345 shares during the period. Allianz Asset Management GmbH grew its holdings in VICI Properties by 8.2% in the fourth quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company's stock valued at $851,821,000 after purchasing an additional 2,305,719 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of VICI Properties in the second quarter valued at approximately $778,709,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VICI shares. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research note on Friday, July 31st. Robert W. Baird set a $32.00 price target on shares of VICI Properties in a report on Thursday, July 30th. Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of VICI Properties in a report on Wednesday, June 24th. Finally, Barclays dropped 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 report on Wednesday, July 22nd. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $31.29.

VICI Properties Stock Performance

NYSE VICI opened at $25.69 on Tuesday. The company has a market cap of $28.29 billion, a PE ratio of 9.96 and a beta of 0.65. The stock's 50 day simple moving average is $26.48 and its 200-day simple moving average is $27.73. VICI Properties Inc. has a 1-year low of $25.61 and a 1-year high of $33.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The business's revenue was up 5.7% on a year-over-year basis. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties's payout ratio is 69.77%.

VICI Properties Company 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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source