West Family Investments Inc. Takes $572,000 Position in VICI Properties Inc. $VICI

West Family Investments Inc. purchased a new position in shares of VICI Properties Inc. (NYSE:VICI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,531 shares of the company’s stock, valued at approximately $572,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VICI. Denali Advisors LLC grew its stake in VICI Properties by 88.3% in the second quarter. Denali Advisors LLC now owns 67,710 shares of the company’s stock worth $1,798,000 after purchasing an additional 31,746 shares in the last quarter. NewEdge Wealth LLC bought a new stake in shares of VICI Properties during the 2nd quarter worth about $1,826,000. Danske Bank A S bought a new stake in shares of VICI Properties in the 2nd quarter worth $2,950,000. Oxbow Advisors LLC acquired a new stake in VICI Properties during the second quarter valued at approximately $7,054,000. Finally, Wealthfront Advisers LLC acquired a new position in shares of VICI Properties in the 2nd quarter valued at $10,383,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VICI shares. Cantor Fitzgerald lowered their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Robert W. Baird set a $32.00 price target on shares of VICI Properties in a report on Thursday, July 30th. Scotiabank decreased their target price on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Barclays dropped their price objective on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company reduced their price objective on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, VICI Properties has an average rating of “Hold” and a consensus price target of $31.29.

VICI Properties Stock Performance

VICI opened at $26.39 on Thursday. The business’s 50-day simple moving average is $26.66 and its 200 day simple moving average is $27.86. VICI Properties Inc. has a 52-week low of $25.81 and a 52-week high of $33.92. The firm has a market capitalization of $29.05 billion, a PE ratio of 10.23 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98.

VICI Properties (NYSE:VICI) last issued its 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). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

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