VICI Properties Inc. $VICI Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 10.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 445,806 shares of the company’s stock after selling 50,066 shares during the period. Pictet Asset Management Holding SA’s holdings in VICI Properties were worth $12,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. State of Wyoming purchased a new stake in VICI Properties during the second quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in shares of VICI Properties in the 2nd quarter worth about $28,000. Bayban purchased a new position in shares of VICI Properties in the 4th quarter worth about $25,000. BOKF NA acquired a new position in shares of VICI Properties in the 3rd quarter valued at about $30,000. Finally, Evolution Wealth Management Inc. acquired a new position in shares of VICI Properties in the 4th quarter valued at about $28,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VICI shares. Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a report on Monday, May 4th. Scotiabank reduced 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 research report on Thursday, June 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Mizuho reissued a “neutral” rating and issued a $30.00 price objective on shares of VICI Properties in a research report on Wednesday, March 11th. Finally, Barclays increased their price objective on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus price target of $32.86.

VICI Properties Stock Performance

Shares of VICI opened at $27.19 on Friday. The business’s 50 day moving average is $27.90 and its two-hundred day moving average is $28.27. VICI Properties Inc. has a 52-week low of $26.08 and a 52-week high of $34.01. The firm has a market cap of $29.07 billion, a price-to-earnings ratio of 9.31 and a beta of 0.65. 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 (NYSE:VICI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.58 earnings per share. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

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.