Western Wealth Management LLC Invests $699,000 in VICI Properties Inc. $VICI

Western Wealth Management LLC bought a new stake in VICI Properties Inc. (NYSE:VICI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 26,313 shares of the company’s stock, valued at approximately $699,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. Bank of America Corp DE raised its position in shares of VICI Properties by 2.7% in the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock valued at $763,553,000 after purchasing an additional 734,068 shares during the period. Wilsey Asset Management Inc. boosted its holdings in shares of VICI Properties by 6.4% during the 1st quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock worth $30,092,000 after buying an additional 65,853 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of VICI Properties by 24.9% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock worth $198,619,000 after buying an additional 1,406,897 shares during the period. Gabelli Funds LLC grew its stake in VICI Properties by 19.4% in the 1st quarter. Gabelli Funds LLC now owns 262,124 shares of the company’s stock valued at $7,161,000 after buying an additional 42,662 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in VICI Properties by 26.2% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 560,609 shares of the company’s stock valued at $14,884,000 after acquiring an additional 116,546 shares during the period. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada started coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price objective for the company. Robert W. Baird set a $32.00 target price on VICI Properties in a research note on Thursday, July 30th. Cantor Fitzgerald dropped their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Barclays reduced their price target on VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Finally, Morgan Stanley lowered their price objective on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.29.

VICI Properties Price Performance

VICI Properties stock opened at $26.31 on Wednesday. The firm has a market cap of $28.97 billion, a PE ratio of 10.20 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The stock’s fifty day moving average price is $26.53 and its two-hundred day moving average price is $27.82. VICI Properties Inc. has a one year low of $25.81 and a one year high of $33.92.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $0.60 earnings per share. The business’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. As a group, research analysts expect that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors 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 annualized dividend and a dividend yield of 6.8%. VICI Properties’s payout ratio is 69.77%.

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.