VICI Properties Inc. $VICI Position Lifted by Tectonic Advisors LLC

Tectonic Advisors LLC grew its stake in VICI Properties Inc. (NYSE:VICI) by 18.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 532,627 shares of the company’s stock after purchasing an additional 82,122 shares during the period. Tectonic Advisors LLC’s holdings in VICI Properties were worth $12,234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in VICI Properties by 3.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company’s stock valued at $284,060,000 after purchasing an additional 349,262 shares during the last quarter. Amundi boosted its position in VICI Properties by 21.1% in the second quarter. Amundi now owns 7,728,135 shares of the company’s stock valued at $205,182,000 after buying an additional 1,344,994 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in VICI Properties during the second quarter worth about $4,858,000. The Manufacturers Life Insurance Company grew its stake in VICI Properties by 19.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company’s stock worth $29,147,000 after buying an additional 177,238 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in VICI Properties by 2.7% during the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after buying an additional 734,068 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays cut their target price on shares of VICI Properties from $31.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday. Robert W. Baird set a $32.00 price target on VICI Properties in a research report on Thursday, July 30th. Wells Fargo & Company reduced their price objective on VICI Properties from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Monday. Scotiabank reduced their price objective on VICI Properties from $29.00 to $26.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 24th. Finally, Citizens Jmp decreased their target price on VICI Properties from $35.00 to $31.00 and set a “market outperform” rating on the stock in a report on Friday, October 2nd. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $29.81.

VICI Properties Trading Down 1.0%

Shares of VICI stock traded down $0.24 on Friday, reaching $23.77. 8,691,182 shares of the stock were exchanged, compared to its average volume of 9,978,280. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. VICI Properties Inc. has a one year low of $22.42 and a one year high of $31.69. The stock has a market cap of $26.18 billion, a PE ratio of 9.22 and a beta of 0.65. The stock has a 50 day moving average price of $24.36 and a 200 day moving average price of $26.39.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%. VICI Properties’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities research analysts forecast that VICI Properties Inc. will post 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were given a $0.46 dividend. The ex-dividend date was Thursday, September 17th. This represents a $1.84 annualized dividend and a dividend yield of 7.7%. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s dividend payout ratio is 71.32%.

About VICI Properties

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company’s portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.