Man Group plc Takes $318.25 Million Position in VICI Properties Inc. $VICI

Man Group plc acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,986,780 shares of the company’s stock, valued at approximately $318,249,000.

A number of other hedge funds have also bought and sold shares of VICI. Bayban bought a new stake in VICI Properties during the fourth quarter valued at $25,000. Dynamic Wealth Strategies LLC bought a new position in shares of VICI Properties in the 1st quarter worth about $25,000. State of Wyoming acquired a new position in shares of VICI Properties in the 2nd quarter valued at about $26,000. Evolution Wealth Management Inc. acquired a new position in shares of VICI Properties in the 4th quarter valued at about $28,000. Finally, Headlands Technologies LLC bought a new stake in shares of VICI Properties during the 2nd quarter valued at about $28,000. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on VICI. Wells Fargo & Company decreased their target price on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Robert W. Baird set a $32.00 price target on VICI Properties in a report on Thursday, July 30th. Barclays reduced their price objective on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Royal Bank Of Canada assumed coverage on shares of VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective for the company. Finally, Cantor Fitzgerald dropped their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.29.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $26.31 on Wednesday. VICI Properties Inc. has a twelve month low of $25.81 and a twelve month high of $33.92. The stock’s 50 day moving average is $26.53 and its 200-day moving average is $27.82. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $28.97 billion, a price-to-earnings ratio of 10.20 and a beta of 0.65.

VICI Properties (NYSE:VICI) last posted its quarterly 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). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Sell-side analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

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

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.