Hourglass Capital LLC Purchases 34,080 Shares of VICI Properties Inc. $VICI

Hourglass Capital LLC raised its position in VICI Properties Inc. (NYSE:VICI) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 209,257 shares of the company’s stock after acquiring an additional 34,080 shares during the quarter. Hourglass Capital LLC’s holdings in VICI Properties were worth $5,884,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VICI. Norges Bank bought a new stake in shares of VICI Properties in the 2nd quarter valued at about $486,945,000. UBS Group AG increased its position in VICI Properties by 99.5% during the third quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock worth $314,886,000 after buying an additional 4,815,053 shares during the last quarter. Bank of America Corp DE increased its position in VICI Properties by 17.9% during the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock worth $853,087,000 after buying an additional 3,968,349 shares during the last quarter. Allianz Asset Management GmbH raised its stake in VICI Properties by 11.7% in the third quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock valued at $912,644,000 after buying an additional 2,937,039 shares during the period. Finally, State Street Corp raised its stake in VICI Properties by 4.8% in the third quarter. State Street Corp now owns 62,538,927 shares of the company’s stock valued at $2,065,862,000 after buying an additional 2,844,265 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI Properties stock opened at $26.60 on Friday. VICI Properties Inc. has a 12 month low of $26.55 and a 12 month high of $34.01. The stock’s 50 day moving average is $28.82 and its 200-day moving average is $29.55. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $28.43 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 3.12 and a beta of 0.67.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. Equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 19th. 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 68.97%.

Analyst Ratings Changes

VICI has been the subject of several research analyst reports. Barclays reduced their target price on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Cantor Fitzgerald set a $33.00 price target on VICI Properties in a report on Monday, January 5th. Mizuho reaffirmed a “neutral” rating and set a $30.00 price objective on shares of VICI Properties in a research report on Wednesday, March 11th. Finally, Evercore reiterated an “in-line” rating and issued a $32.00 price objective (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.69.

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.