Red Cedar Investment Management LLC Decreases Stock Holdings in VICI Properties Inc. $VICI

Red Cedar Investment Management LLC lowered its stake in shares of VICI Properties Inc. (NYSE:VICI) by 74.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,161 shares of the company’s stock after selling 23,374 shares during the period. Red Cedar Investment Management LLC’s holdings in VICI Properties were worth $229,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Winnow Wealth LLC lifted its position in VICI Properties by 7.7% during the fourth quarter. Winnow Wealth LLC now owns 33,936 shares of the company’s stock valued at $984,000 after purchasing an additional 2,420 shares during the period. Westerkirk Capital Inc. bought a new stake in VICI Properties in the 4th quarter worth approximately $779,000. Fox Run Management L.L.C. purchased a new stake in VICI Properties during the 4th quarter valued at $1,041,000. Cerity Partners LLC raised its stake in VICI Properties by 3.0% during the 4th quarter. Cerity Partners LLC now owns 412,678 shares of the company’s stock valued at $11,605,000 after buying an additional 11,984 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of VICI Properties by 22.6% during the 4th quarter. LPL Financial LLC now owns 1,477,359 shares of the company’s stock valued at $41,543,000 after buying an additional 272,496 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 2.1%

NYSE VICI opened at $27.99 on Wednesday. The stock’s 50-day moving average price is $28.20 and its 200-day moving average price is $28.42. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a 52 week low of $26.55 and a 52 week high of $34.01. The company has a market capitalization of $29.92 billion, a P/E ratio of 9.58 and a beta of 0.65.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the company posted $0.58 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. On average, equities research analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.4%. VICI Properties’s dividend payout ratio is 61.64%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VICI shares. 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. Mizuho reissued a “neutral” rating and issued a $30.00 target price on shares of VICI Properties in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a research report on Monday, May 4th. Scotiabank boosted their target price on shares of VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Finally, Barclays lifted their price target on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.38.

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.