CIBC Private Wealth Group LLC Cuts Stock Position in VICI Properties Inc. $VICI

CIBC Private Wealth Group LLC cut its position in shares of VICI Properties Inc. (NYSE:VICI) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,649,710 shares of the company’s stock after selling 105,796 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in VICI Properties were worth $216,847,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State of Wyoming purchased a new stake in VICI Properties in the second quarter worth approximately $26,000. Parvin Asset Management LLC bought a new position in VICI Properties during the second quarter valued at approximately $27,000. Headlands Technologies LLC purchased a new position in shares of VICI Properties during the second quarter worth approximately $28,000. Godsey & Gibb Inc. bought a new stake in shares of VICI Properties in the 3rd quarter worth approximately $29,000. Finally, BOKF NA bought a new stake in shares of VICI Properties in the 3rd quarter worth approximately $30,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.0%

Shares of VICI Properties stock opened at $28.63 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.17 and a current ratio of 3.17. VICI Properties Inc. has a 52-week low of $27.48 and a 52-week high of $34.01. The stock has a market capitalization of $30.60 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 3.29 and a beta of 0.67. The company’s 50 day moving average price is $28.95 and its 200-day moving average price is $29.84.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a net margin of 69.28% and a return on equity of 10.02%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. Equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, March 19th. VICI Properties’s dividend payout ratio is 68.97%.

Analysts Set New Price Targets

Several equities analysts recently commented on VICI shares. The Goldman Sachs Group reduced their target price on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Robert W. Baird lowered their price target on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a research note on Monday, January 5th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $32.00 price objective (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.69.

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.