VICI Properties Inc. $VICI Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 16.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,249 shares of the company’s stock after purchasing an additional 29,913 shares during the quarter. Kestra Advisory Services LLC’s holdings in VICI Properties were worth $5,744,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VICI. Vanguard Group Inc. increased its stake in shares of VICI Properties by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock worth $4,455,820,000 after buying an additional 1,705,855 shares during the period. State Street Corp lifted its stake in VICI Properties by 1.7% in the fourth quarter. State Street Corp now owns 63,619,919 shares of the company’s stock worth $1,817,165,000 after acquiring an additional 1,080,992 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 worth $1,030,716,000 after acquiring an additional 1,037,345 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in VICI Properties by 8.2% during the 4th quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock worth $851,821,000 after acquiring an additional 2,305,719 shares in the last quarter. Finally, Norges Bank acquired a new position in VICI Properties during the 4th quarter worth approximately $537,676,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.2%

Shares of NYSE:VICI opened at $26.32 on Thursday. The company has a market capitalization of $28.14 billion, a PE ratio of 9.02 and a beta of 0.65. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a twelve month low of $25.82 and a twelve month high of $34.01. The firm has a 50 day simple moving average of $27.51 and a 200-day simple moving average of $28.16.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.11. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. On average, equities analysts predict that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.8%. The ex-dividend date was Thursday, June 18th. VICI Properties’s dividend payout ratio is currently 61.64%.

Wall Street Analyst Weigh In

VICI has been the topic of a number of analyst reports. Royal Bank Of Canada initiated coverage on shares of VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Morgan Stanley cut their price target on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Scotiabank decreased their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a research report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.21.

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.