Westpac Banking Corp Buys New Shares in VICI Properties Inc. $VICI

Westpac Banking Corp bought a new position in VICI Properties Inc. (NYSE:VICI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 198,564 shares of the company’s stock, valued at approximately $5,272,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of VICI Properties in the second quarter valued at about $3,433,817,000. Norges Bank purchased a new stake in VICI Properties in the fourth quarter valued at approximately $537,676,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in VICI Properties by 31,134.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,218,191 shares of the company’s stock valued at $287,336,000 after buying an additional 10,185,477 shares during the last quarter. Man Group plc increased its holdings in VICI Properties by 100.6% in the 4th quarter. Man Group plc now owns 11,406,537 shares of the company’s stock worth $320,752,000 after buying an additional 5,720,867 shares during the period. Finally, Voloridge Investment Management LLC raised its position in VICI Properties by 247.8% during the 4th quarter. Voloridge Investment Management LLC now owns 7,792,028 shares of the company’s stock worth $219,112,000 after buying an additional 5,551,620 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI stock opened at $26.55 on Friday. The firm has a fifty day moving average price of $26.59 and a 200 day moving average price of $27.84. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The company has a market cap of $29.23 billion, a P/E ratio of 10.29 and a beta of 0.65. VICI Properties Inc. has a 12 month low of $25.81 and a 12 month high of $33.92.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $0.60 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Sell-side analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were given a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.8%. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of VICI Properties in a research note on Friday, July 31st. Scotiabank reduced their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Barclays decreased their price objective on VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Wells Fargo & Company lowered their target price on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $31.29.

VICI Properties 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.