Geode Capital Management LLC Increases Stock Position in VICI Properties Inc. $VICI

Geode Capital Management LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 36,209,246 shares of the company’s stock after purchasing an additional 1,037,345 shares during the quarter. Geode Capital Management LLC’s holdings in VICI Properties were worth $1,030,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. State of Wyoming purchased a new position in shares of VICI Properties during the second quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in shares of VICI Properties during the second quarter worth approximately $28,000. BOKF NA purchased a new position in shares of VICI Properties during the third quarter worth approximately $30,000. Avalon Trust Co purchased a new position in shares of VICI Properties during the third quarter worth approximately $35,000. Finally, Key Capital Management INC purchased a new position in shares of VICI Properties during the fourth quarter worth approximately $37,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

NYSE:VICI opened at $28.23 on Friday. The firm’s fifty day simple moving average is $28.13 and its 200-day simple moving average is $28.56. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. The stock has a market cap of $30.17 billion, a PE ratio of 9.67 and a beta of 0.67. VICI Properties Inc. has a fifty-two week low of $26.55 and a fifty-two week high of $34.01.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Analysts expect that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Thursday, March 19th. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of VICI Properties in a research report on Monday, May 4th. Mizuho restated a “neutral” rating and set a $30.00 target price on shares of VICI Properties in a research report on Wednesday, March 11th. Robert W. Baird lowered their price objective on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Finally, Scotiabank lifted their price objective on shares of VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.38.

About VICI Properties

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.