QRG Capital Management Inc. Grows Position in VICI Properties Inc. $VICI

QRG Capital Management Inc. raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 32.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 420,646 shares of the company’s stock after purchasing an additional 103,537 shares during the period. QRG Capital Management Inc.’s holdings in VICI Properties were worth $11,492,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VICI. Wealth Enhancement Advisory Services LLC lifted its stake in shares of VICI Properties by 24.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 891,188 shares of the company’s stock valued at $24,817,000 after purchasing an additional 173,013 shares in the last quarter. Bank of America Corp DE increased its position in VICI Properties by 17.9% during the 3rd quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock worth $853,087,000 after purchasing an additional 3,968,349 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in VICI Properties by 24.9% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock worth $198,619,000 after purchasing an additional 1,406,897 shares in the last quarter. California Public Employees Retirement System raised its holdings in VICI Properties by 43.8% in the third quarter. California Public Employees Retirement System now owns 3,454,904 shares of the company’s stock valued at $112,664,000 after buying an additional 1,052,393 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new position in VICI Properties in the third quarter valued at approximately $13,926,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays boosted their price objective 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. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of VICI Properties in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Mizuho reaffirmed a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a research report on Wednesday, March 11th. Finally, Royal Bank Of Canada initiated coverage on VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.86.

VICI Properties Price Performance

NYSE VICI opened at $27.19 on Friday. 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 fifty-two week low of $26.08 and a fifty-two week high of $34.01. The business has a 50 day moving average price of $27.88 and a two-hundred day moving average price of $28.26. The stock has a market cap of $29.07 billion, a PE ratio of 9.31 and a beta of 0.65.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.11. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. The business’s quarterly revenue 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. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, June 18th. VICI Properties’s dividend payout ratio is presently 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.