HighTower Advisors LLC Acquires 318,077 Shares of VICI Properties Inc. $VICI

HighTower Advisors LLC raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 7.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,672,284 shares of the company’s stock after buying an additional 318,077 shares during the period. HighTower Advisors LLC’s holdings in VICI Properties were worth $124,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of VICI Properties in the second quarter valued at $45,498,000. California State Teachers Retirement System lifted its stake in shares of VICI Properties by 2,482.5% during the 2nd quarter. California State Teachers Retirement System now owns 47,561,405 shares of the company’s stock worth $1,262,755,000 after buying an additional 45,719,695 shares during the last quarter. Readystate Asset Management LP acquired a new stake in shares of VICI Properties during the 2nd quarter worth about $961,000. Compass Financial Management LLC bought a new stake in shares of VICI Properties during the 2nd quarter worth about $103,000. Finally, AlphaGrep UK Ltd bought a new stake in shares of VICI Properties during the 2nd quarter worth about $807,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

NYSE:VICI opened at $25.39 on Monday. VICI Properties Inc. has a 52 week low of $25.34 and a 52 week high of $33.82. The firm has a market cap of $27.96 billion, a price-to-earnings ratio of 9.84 and a beta of 0.65. The firm’s 50-day simple moving average is $26.39 and its 200 day simple moving average is $27.62. 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 quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.VICI Properties’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current 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 given a $0.46 dividend. The ex-dividend date is Thursday, September 17th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.2%. VICI Properties’s dividend payout ratio (DPR) is presently 69.77%.

Wall Street Analysts Forecast Growth

VICI has been the topic of several research analyst reports. Scotiabank lowered their price target on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Wells Fargo & Company reduced their price objective on VICI Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research report on Friday, July 31st. Royal Bank Of Canada started coverage on VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price on the stock. Finally, Robert W. Baird set a $32.00 price target on VICI Properties in a report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, VICI Properties has an average rating of “Hold” and a consensus target price of $31.00.

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.