VICI Properties Inc. $VICI Shares Acquired by Denali Advisors LLC

Denali Advisors LLC raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 88.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 67,710 shares of the company’s stock after purchasing an additional 31,746 shares during the quarter. Denali Advisors LLC’s holdings in VICI Properties were worth $1,798,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bayban bought a new position in shares of VICI Properties in the fourth quarter valued at $25,000. Dynamic Wealth Strategies LLC acquired a new position in shares of VICI Properties in the 1st quarter worth $25,000. State of Wyoming acquired a new position in shares of VICI Properties in the 2nd quarter worth $26,000. Evolution Wealth Management Inc. acquired a new stake in shares of VICI Properties during the fourth quarter worth $28,000. Finally, Headlands Technologies LLC acquired a new stake in shares of VICI Properties during the second quarter worth $28,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $26.39 on Thursday. VICI Properties Inc. has a 12 month low of $25.81 and a 12 month high of $33.92. 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 stock has a market cap of $29.05 billion, a PE ratio of 10.23 and a beta of 0.65. The business has a fifty day simple moving average of $26.66 and a 200-day simple moving average of $27.86.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). The business had revenue of $1.06 billion for 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 firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued 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 is currently 69.77%.

Analyst Ratings Changes

Several brokerages have recently commented on VICI. Robert W. Baird set a $32.00 target price on VICI Properties in a report on Thursday, July 30th. Cantor Fitzgerald cut their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a research note on Thursday, August 13th. Royal Bank Of Canada initiated coverage on shares of VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price for the company. Finally, Scotiabank dropped their target price on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, VICI Properties currently has a consensus rating of “Hold” and an average target price of $31.29.

VICI Properties Company 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.