Westpac Banking Corp Cuts Holdings in VICI Properties Inc. $VICI

Westpac Banking Corp trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 13.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 261,816 shares of the company’s stock after selling 39,971 shares during the period. Westpac Banking Corp’s holdings in VICI Properties were worth $7,362,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. State of Wyoming purchased a new stake in VICI Properties during the 2nd quarter valued at $26,000. Headlands Technologies LLC purchased a new position in shares of VICI Properties in the 2nd quarter worth $28,000. BOKF NA purchased a new position in shares of VICI Properties in the 3rd quarter worth $30,000. Avalon Trust Co purchased a new position in shares of VICI Properties in the 3rd quarter worth $35,000. Finally, Key Capital Management INC purchased a new position in shares of VICI Properties in the 4th quarter worth $37,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VICI shares. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Friday, March 27th. Robert W. Baird dropped their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Scotiabank raised their price target on VICI Properties from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a research note on Monday, May 4th. Finally, Barclays raised their price target on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average target price of $33.38.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $27.52 on Wednesday. VICI Properties Inc. has a one year low of $26.55 and a one year high of $34.01. The stock’s fifty day moving average is $28.13 and its 200 day moving average is $28.52. The stock has a market cap of $29.41 billion, a P/E ratio of 9.42 and a beta of 0.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm earned $0.58 EPS. VICI Properties’s revenue for the quarter was up 3.5% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Sell-side analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Thursday, March 19th. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

About VICI Properties

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.