Ieq Capital LLC Takes Position in VICI Properties Inc. $VICI

Ieq Capital LLC bought a new position in VICI Properties Inc. (NYSE:VICI) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 44,197 shares of the company’s stock, valued at approximately $1,173,000.

Other hedge funds also recently made changes to their positions in the company. Gamco Investors INC. ET AL grew its holdings in VICI Properties by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company’s stock valued at $1,301,000 after buying an additional 384 shares in the last quarter. Corrado Advisors LLC raised its holdings in shares of VICI Properties by 0.8% during the 1st quarter. Corrado Advisors LLC now owns 50,301 shares of the company’s stock worth $1,374,000 after acquiring an additional 393 shares in the last quarter. Beacon Investment Advisors LLC boosted its position in shares of VICI Properties by 3.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company’s stock valued at $393,000 after acquiring an additional 455 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of VICI Properties by 5.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company’s stock valued at $244,000 after acquiring an additional 483 shares during the last quarter. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of VICI Properties by 54.5% in the first quarter. Physician Wealth Advisors Inc. now owns 1,369 shares of the company’s stock valued at $37,000 after purchasing an additional 483 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley decreased their price target on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Barclays dropped 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 note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a report on Friday, July 31st. Cantor Fitzgerald decreased 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. Finally, Robert W. Baird set a $32.00 price target on shares of VICI Properties in a report on Thursday, July 30th. 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.com, VICI Properties presently has a consensus rating of “Hold” and a consensus price target of $31.29.

VICI Properties Stock Performance

NYSE:VICI opened at $26.05 on Thursday. The firm has a market capitalization of $28.68 billion, a PE ratio of 10.10 and a beta of 0.65. The stock’s fifty day moving average is $26.51 and its 200 day moving average is $27.80. VICI Properties Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $33.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 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 firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue 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. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Announces Dividend

The company 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. This represents a $1.80 annualized dividend and a yield of 6.9%. The ex-dividend date was Thursday, June 18th. VICI Properties’s dividend payout ratio is presently 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.