Weiss Asset Management LP Reduces Stock Holdings in VICI Properties Inc. $VICI

Weiss Asset Management LP reduced its position in shares of VICI Properties Inc. (NYSE:VICI) by 7.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 433,678 shares of the company’s stock after selling 35,258 shares during the quarter. Weiss Asset Management LP’s holdings in VICI Properties were worth $11,848,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. State of Wyoming bought a new stake in VICI Properties during the second quarter valued at approximately $26,000. Headlands Technologies LLC bought a new position in VICI Properties in the second quarter worth approximately $28,000. Bayban bought a new position in VICI Properties in the fourth quarter worth approximately $25,000. Dynamic Wealth Strategies LLC purchased a new position in shares of VICI Properties during the 1st quarter worth $25,000. Finally, BOKF NA purchased a new position in shares of VICI Properties during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley reduced their price objective on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Wells Fargo & Company cut their price target on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Royal Bank Of Canada assumed coverage on VICI Properties in a research report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price target for the company. Finally, Barclays decreased their price objective on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, VICI Properties currently has a consensus rating of “Hold” and an average price target of $31.77.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $26.75 on Friday. The stock has a market cap of $28.59 billion, a PE ratio of 9.16 and a beta of 0.65. VICI Properties Inc. has a 1 year low of $25.82 and a 1 year high of $34.01. The firm has a fifty day moving average price of $27.27 and a 200-day moving average price of $28.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. VICI Properties’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Equities analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.7%. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

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.