Redwood Investment Management LLC Invests $780,000 in VICI Properties Inc. $VICI

Redwood Investment Management LLC bought a new stake in VICI Properties Inc. (NYSE:VICI) in the second quarter, HoldingsChannel reports. The fund bought 29,381 shares of the company’s stock, valued at approximately $780,000.

Other large investors have also modified their holdings of the company. Bayban acquired a new position in VICI Properties during the 4th quarter worth approximately $25,000. Dynamic Wealth Strategies LLC purchased a new position in VICI Properties in the 1st quarter worth approximately $25,000. State of Wyoming acquired a new stake in VICI Properties in the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. acquired a new stake in VICI Properties in the fourth quarter valued at approximately $28,000. Finally, Headlands Technologies LLC purchased a new stake in shares of VICI Properties during the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VICI shares. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a research note on Friday, July 31st. Raymond James Financial set a $29.00 price target on shares of VICI Properties in a research note on Thursday, August 13th. Scotiabank cut their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Finally, Cantor Fitzgerald lowered their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, VICI Properties has a consensus rating of “Hold” and a consensus price target of $31.29.

VICI Properties Stock Performance

VICI Properties stock opened at $25.77 on Friday. The stock has a market cap of $28.37 billion, a P/E ratio of 9.99 and a beta of 0.65. 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 stock has a 50 day moving average of $26.50 and a 200-day moving average of $27.77. VICI Properties Inc. has a 52 week low of $25.75 and a 52 week high of $33.92.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The company had revenue of $1.06 billion during 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 firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, analysts expect that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.

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.