Hourglass Capital LLC Has $5.88 Million Stake in VICI Properties Inc. $VICI

Hourglass Capital LLC raised its holdings in VICI Properties Inc. (NYSE:VICI) by 19.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 209,257 shares of the company’s stock after purchasing an additional 34,080 shares during the period. Hourglass Capital LLC’s holdings in VICI Properties were worth $5,884,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VICI. State of Wyoming bought a new position in shares of VICI Properties during the second quarter worth approximately $26,000. Parvin Asset Management LLC bought a new stake in shares of VICI Properties in the second quarter valued at approximately $27,000. Headlands Technologies LLC bought a new stake in shares of VICI Properties in the second quarter valued at approximately $28,000. Godsey & Gibb Inc. acquired a new stake in VICI Properties during the third quarter worth approximately $29,000. Finally, BOKF NA acquired a new stake in VICI Properties during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Down 2.1%

Shares of VICI opened at $26.60 on Friday. VICI Properties Inc. has a one year low of $26.55 and a one year high of $34.01. The company has a market cap of $28.43 billion, a P/E ratio of 10.19, a P/E/G ratio of 3.12 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 firm has a 50 day simple moving average of $28.82 and a two-hundred day simple moving average of $29.55.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, February 25th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company earned $0.57 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. Research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Thursday, March 19th. VICI Properties’s dividend payout ratio is currently 68.97%.

Analyst Ratings Changes

Several brokerages have weighed in on VICI. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a report on Monday, January 5th. Scotiabank lowered VICI Properties from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $36.00 to $30.00 in a report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. The Goldman Sachs Group dropped their price target on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Finally, Mizuho reaffirmed a “neutral” rating and set a $30.00 price objective on shares of VICI Properties in a research report on Wednesday, March 11th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.69.

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.