VICI Properties Inc. $VICI Stock: Secure Asset Management LLC Raises Holdings

Secure Asset Management LLC grew its position in VICI Properties Inc. (NYSE:VICI) by 31.5% during the 3rd quarter, Holdings Channel reports. The firm owned 104,841 shares of the company’s stock after purchasing an additional 25,086 shares during the quarter. Secure Asset Management LLC’s holdings in VICI Properties were worth $2,408,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VICI. BlackRock Inc. acquired a new stake in shares of VICI Properties during the 2nd quarter worth about $3,433,817,000. State Street Corp lifted its holdings in VICI Properties by 4.5% during the 2nd quarter. State Street Corp now owns 67,155,780 shares of the company’s stock valued at $1,812,259,000 after purchasing an additional 2,920,133 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in VICI Properties by 1.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 31,527,182 shares of the company’s stock valued at $837,047,000 after purchasing an additional 566,922 shares during the last quarter. Bank of America Corp DE acquired a new position in VICI Properties in the second quarter valued at about $778,709,000. Finally, Dimensional Fund Advisors LP boosted its position in VICI Properties by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 15,457,602 shares of the company’s stock valued at $422,294,000 after buying an additional 344,355 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Cantor Fitzgerald decreased their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Scotiabank lowered their target price on VICI Properties from $29.00 to $26.00 and set a “sector perform” rating for the company in a research note on Thursday, September 24th. Citigroup restated a “market outperform” rating on shares of VICI Properties in a research note on Friday, October 2nd. Mizuho cut their price target on VICI Properties from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, September 2nd. Finally, Citizens Jmp reduced their price target on shares of VICI Properties from $35.00 to $31.00 and set a “market outperform” rating on the stock in a research report on Friday, October 2nd. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $29.87.

VICI Properties Price Performance

Shares of VICI stock opened at $23.11 on Tuesday. VICI Properties Inc. has a 1 year low of $22.42 and a 1 year high of $31.69. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average is $24.57 and its 200-day moving average is $26.49. The firm has a market capitalization of $25.45 billion, a price-to-earnings ratio of 8.96 and a beta of 0.65.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The company 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% on a year-over-year basis. During the same period in the prior year, the business earned $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 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.84 annualized dividend and a yield of 8.0%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s dividend payout ratio (DPR) is currently 71.32%.

VICI Properties Profile

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.