NewEdge Wealth LLC Sells 1,345,875 Shares of VICI Properties Inc. $VICI

NewEdge Wealth LLC reduced its position in shares of VICI Properties Inc. (NYSE:VICI) by 92.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 111,309 shares of the company’s stock after selling 1,345,875 shares during the quarter. NewEdge Wealth LLC’s holdings in VICI Properties were worth $3,130,000 at the end of the most recent reporting period.

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

VICI Properties Stock Down 1.2%

VICI Properties stock opened at $28.57 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. VICI Properties Inc. has a 12 month low of $26.55 and a 12 month high of $34.01. The stock has a market capitalization of $30.54 billion, a PE ratio of 9.78 and a beta of 0.67. The business has a 50 day simple moving average of $28.35 and a 200-day simple moving average of $28.73.

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

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were given 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 was Thursday, March 19th. VICI Properties’s payout ratio is presently 61.64%.

Analysts Set New Price Targets

Several brokerages have recently commented on VICI. Scotiabank raised their price target on VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a research note on Monday, May 4th. Mizuho restated a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a research note on Wednesday, March 11th. Barclays lifted their target price on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Finally, Robert W. Baird decreased their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.