VICI Properties Inc. $VICI Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its stake in shares of VICI Properties Inc. (NYSE:VICI) by 67.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,546 shares of the company’s stock after selling 655,256 shares during the quarter. Sterling Capital Management LLC’s holdings in VICI Properties were worth $8,648,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Bayban acquired a new stake in VICI Properties in the 4th quarter valued at about $25,000. State of Wyoming acquired a new position in shares of VICI Properties during the second quarter worth about $26,000. Evolution Wealth Management Inc. purchased a new stake in shares of VICI Properties during the fourth quarter worth approximately $28,000. Headlands Technologies LLC purchased a new stake in shares of VICI Properties during the second quarter worth approximately $28,000. Finally, Reflection Asset Management acquired a new stake in VICI Properties in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI stock opened at $27.16 on Friday. The stock’s 50-day moving average is $28.05 and its two-hundred day moving average is $28.30. The firm has a market cap of $29.04 billion, a price-to-earnings ratio of 9.30 and a beta of 0.65. VICI Properties Inc. has a 1 year low of $26.08 and a 1 year high of $34.01. 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 posted 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. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. 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. Shareholders of record on Thursday, June 18th will be paid a $0.45 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.6%. VICI Properties’s payout ratio is currently 61.64%.

Analyst Ratings Changes

VICI has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a research note on Monday, May 4th. Scotiabank reduced their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Barclays lifted 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. Mizuho reissued a “neutral” rating and issued a $30.00 target price on shares of VICI Properties in a report on Wednesday, March 11th. Finally, Royal Bank Of Canada initiated coverage on VICI Properties in a research note on Thursday. They issued a “sector perform” rating and a $29.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $32.86.

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.