VICI Properties Inc. $VICI Stock Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC boosted its stake in VICI Properties Inc. (NYSE:VICI) by 433.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,593 shares of the company’s stock after purchasing an additional 36,239 shares during the period. Prime Capital Investment Advisors LLC’s holdings in VICI Properties were worth $1,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VICI. BlackRock Inc. purchased a new stake in shares of VICI Properties during the second quarter valued at approximately $3,433,817,000. Bank of America Corp DE bought a new position in shares of VICI Properties in the second quarter worth approximately $778,709,000. Legal & General Group Plc bought a new position in shares of VICI Properties in the second quarter worth approximately $366,514,000. Man Group plc purchased a new position in shares of VICI Properties in the second quarter worth $318,249,000. Finally, Hsbc Holdings PLC purchased a new position in shares of VICI Properties in the second quarter worth $281,629,000. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on VICI. Wells Fargo & Company lowered their price target on shares of VICI Properties from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of VICI Properties in a report on Friday, July 31st. Robert W. Baird set a $32.00 price target on shares of VICI Properties in a report on Thursday, July 30th. JPMorgan Chase & Co. cut shares of VICI Properties from an “overweight” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research report on Thursday, September 24th. Finally, Weiss Ratings downgraded shares of VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, September 9th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.81.

VICI Properties Trading Down 1.0%

VICI opened at $23.77 on Friday. VICI Properties Inc. has a one year low of $22.42 and a one year high of $31.69. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The business has a 50 day simple moving average of $24.36 and a two-hundred day simple moving average of $26.39. The firm has a market capitalization of $26.18 billion, a price-to-earnings ratio of 9.22 and a beta of 0.65.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data 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 business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%. VICI Properties’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Analysts predict that VICI Properties Inc. will post 2.47 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were issued a dividend of $0.46 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Thursday, September 17th. VICI Properties’s dividend payout ratio 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.