Border to Coast Pensions Partnership Ltd Buys 25,000 Shares of VICI Properties Inc. $VICI

Border to Coast Pensions Partnership Ltd boosted its stake in VICI Properties Inc. (NYSE:VICI) by 3.4% in the first quarter, Holdings Channel reports. The firm owned 750,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in VICI Properties were worth $20,553,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased 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 during the last quarter. Bank of America Corp DE raised its holdings in shares of 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 buying an additional 3,968,349 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of VICI Properties by 43.8% during the 3rd quarter. California Public Employees Retirement System now owns 3,454,904 shares of the company’s stock worth $112,664,000 after buying an additional 1,052,393 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of VICI Properties during the 3rd quarter worth $13,926,000. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in VICI Properties by 24.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock valued at $198,619,000 after buying an additional 1,406,897 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays lifted their target price on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Robert W. Baird dropped their target price on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Royal Bank Of Canada initiated coverage on shares of VICI Properties in a research note on Thursday. They issued a “sector perform” rating and a $29.00 price target on the stock. Scotiabank decreased 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 report on Thursday, June 18th. Finally, Mizuho reiterated a “neutral” rating and set a $30.00 price objective on shares of VICI Properties in a research report on Wednesday, March 11th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.86.

VICI Properties Trading Up 2.4%

NYSE VICI opened at $27.16 on Friday. The company 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 twelve month low of $26.08 and a twelve month high of $34.01. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average is $28.05 and its 200 day moving average is $28.30.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) 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 analysts’ expectations of $1.01 billion. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders 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 dividend yield of 6.6%. The ex-dividend date is Thursday, June 18th. VICI Properties’s payout ratio is 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.