Intech Investment Management LLC Has $19.11 Million Stake in VICI Properties Inc. $VICI

Intech Investment Management LLC grew its position in VICI Properties Inc. (NYSE:VICI) by 1,240.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 679,747 shares of the company’s stock after purchasing an additional 629,038 shares during the period. Intech Investment Management LLC owned approximately 0.06% of VICI Properties worth $19,114,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State of Wyoming bought a new stake in VICI Properties in the 2nd quarter valued at approximately $26,000. Headlands Technologies LLC bought a new position in shares of VICI Properties during the 2nd quarter worth approximately $28,000. BOKF NA acquired a new stake in shares of VICI Properties in the third quarter valued at approximately $30,000. Avalon Trust Co acquired a new stake in shares of VICI Properties in the third quarter valued at approximately $35,000. Finally, Key Capital Management INC bought a new stake in shares of VICI Properties in the fourth quarter worth $37,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

NYSE VICI opened at $28.32 on Friday. The firm has a market capitalization of $30.27 billion, a P/E ratio of 9.70 and a beta of 0.67. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. The firm’s fifty day moving average price is $28.13 and its two-hundred day moving average price is $28.56. VICI Properties Inc. has a 1 year low of $26.55 and a 1 year high of $34.01.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share for the quarter, topping 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business 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. As a group, research analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Thursday, March 19th. VICI Properties’s dividend payout ratio (DPR) is presently 61.64%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VICI. Barclays raised their target price on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Mizuho restated a “neutral” rating and set a $30.00 price objective on shares of VICI Properties in a research note on Wednesday, March 11th. Scotiabank raised their price objective on VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.