VICI Properties Inc. $VICI Shares Newly Bought by Leo Wealth LLC

Leo Wealth LLC acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the third quarter, HoldingsChannel.com reports. The firm acquired 41,113 shares of the company’s stock, valued at approximately $944,000.

Several other large investors have also bought and sold shares of the company. Apollon Wealth Management LLC grew its holdings in shares of VICI Properties by 11.4% during the third quarter. Apollon Wealth Management LLC now owns 13,139 shares of the company’s stock valued at $302,000 after buying an additional 1,349 shares during the last quarter. Signaturefd LLC raised its holdings in VICI Properties by 114.5% in the 3rd quarter. Signaturefd LLC now owns 49,192 shares of the company’s stock worth $1,130,000 after acquiring an additional 26,263 shares during the last quarter. BG Investment Services LLC purchased a new position in VICI Properties in the 3rd quarter worth approximately $500,000. Evergreen Capital Management LLC lifted its position in VICI Properties by 4.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 447,410 shares of the company’s stock valued at $10,279,000 after acquiring an additional 18,445 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its position in VICI Properties by 18.2% in the 3rd quarter. Tectonic Advisors LLC now owns 532,627 shares of the company’s stock valued at $12,234,000 after acquiring an additional 82,122 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Mizuho cut their target price on VICI Properties from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 2nd. Cantor Fitzgerald decreased their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a research report on Friday, July 31st. Finally, Robert W. Baird set a $32.00 price objective on VICI Properties in a research report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.81.

VICI Properties Stock Performance

Shares of VICI stock opened at $24.01 on Tuesday. The company has a 50 day moving average price of $24.33 and a 200-day moving average price of $27.03. VICI Properties Inc. has a 52 week low of $22.42 and a 52 week high of $31.18. The firm has a market capitalization of $26.44 billion, a PE ratio of 9.31 and a beta of 0.65. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.

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 company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, equities research analysts expect that VICI Properties Inc. will post 2.47 earnings per share for the current year.

VICI Properties Increases Dividend

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