Readystate Asset Management LP Invests $961,000 in VICI Properties Inc. $VICI

Readystate Asset Management LP bought a new stake in VICI Properties Inc. (NYSE:VICI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 36,191 shares of the company’s stock, valued at approximately $961,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Gamco Investors INC. ET AL lifted its holdings in shares of VICI Properties by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company’s stock valued at $1,301,000 after buying an additional 384 shares during the period. Corrado Advisors LLC grew its holdings in VICI Properties by 0.8% during the first quarter. Corrado Advisors LLC now owns 50,301 shares of the company’s stock worth $1,374,000 after acquiring an additional 393 shares during the period. Beacon Investment Advisors LLC raised its position in VICI Properties by 3.4% in the fourth quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company’s stock worth $393,000 after acquiring an additional 455 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in VICI Properties by 5.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company’s stock valued at $244,000 after acquiring an additional 483 shares during the last quarter. Finally, Physician Wealth Advisors Inc. lifted its holdings in VICI Properties by 54.5% in the 1st quarter. Physician Wealth Advisors Inc. now owns 1,369 shares of the company’s stock valued at $37,000 after acquiring an additional 483 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

NYSE VICI opened at $25.39 on Tuesday. The stock’s 50-day moving average price is $26.35 and its two-hundred day moving average price is $27.59. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The company has a market cap of $27.96 billion, a PE ratio of 9.84 and a beta of 0.65. VICI Properties Inc. has a 1 year low of $25.34 and a 1 year high of $33.82.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. VICI Properties’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, analysts predict that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.46 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.84 annualized dividend and a yield of 7.2%. VICI Properties’s dividend payout ratio (DPR) is presently 69.77%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VICI shares. Cantor Fitzgerald lowered their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Robert W. Baird set a $32.00 target price on shares of VICI Properties in a research note on Thursday, July 30th. Mizuho reduced their target price on shares of VICI Properties from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, September 2nd. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Finally, Raymond James Financial set a $29.00 price target on VICI Properties in a report on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.00.

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.