Freestone Grove Partners LP Invests $5.31 Million in VICI Properties Inc. $VICI

Freestone Grove Partners LP purchased a new position in VICI Properties Inc. (NYSE:VICI) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 199,955 shares of the company’s stock, valued at approximately $5,309,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State of Wyoming purchased a new stake in shares of VICI Properties during the second quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in shares of VICI Properties during the second quarter worth approximately $28,000. Bayban acquired a new stake in shares of VICI Properties during the 4th quarter valued at $25,000. Dynamic Wealth Strategies LLC acquired a new stake in VICI Properties during the first quarter valued at $25,000. Finally, BOKF NA acquired a new stake in shares of VICI Properties during the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI opened at $25.90 on Friday. The stock has a market capitalization of $28.52 billion, a P/E ratio of 10.04 and a beta of 0.65. 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 company’s 50 day simple moving average is $26.49 and its 200-day simple moving average is $27.76. VICI Properties Inc. has a one year low of $25.75 and a one year high of $33.92.

VICI Properties (NYSE:VICI) last released its 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 firm had revenue of $1.06 billion for 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%.The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Sell-side analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s payout ratio is currently 69.77%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VICI shares. Cantor Fitzgerald decreased their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Royal Bank Of Canada started coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price on the stock. Barclays lowered their price target on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Scotiabank dropped their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Finally, Robert W. Baird set a $32.00 target price on VICI Properties in a research report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.29.

VICI Properties Company 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.