VICI Properties Inc. $VICI Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its holdings in VICI Properties Inc. (NYSE:VICI) by 16.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 210,249 shares of the company’s stock after acquiring an additional 29,913 shares during the period. Kestra Advisory Services LLC’s holdings in VICI Properties were worth $5,744,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. raised its position in VICI Properties by 4.4% in the first quarter. Resona Asset Management Co. Ltd. now owns 673,867 shares of the company’s stock valued at $18,305,000 after purchasing an additional 28,327 shares during the period. Axxcess Wealth Management LLC grew its holdings in shares of VICI Properties by 63.5% during the 1st quarter. Axxcess Wealth Management LLC now owns 16,841 shares of the company’s stock worth $460,000 after purchasing an additional 6,543 shares during the period. Collaborative Fund Advisors LLC acquired a new stake in shares of VICI Properties during the 1st quarter worth about $255,000. Bogart Wealth LLC increased its position in shares of VICI Properties by 6.7% during the 1st quarter. Bogart Wealth LLC now owns 265,219 shares of the company’s stock worth $7,246,000 after purchasing an additional 16,761 shares during the last quarter. Finally, DGS Capital Management LLC raised its holdings in VICI Properties by 56.6% in the 1st quarter. DGS Capital Management LLC now owns 31,232 shares of the company’s stock valued at $853,000 after buying an additional 11,294 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VICI. Morgan Stanley decreased their target price on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Royal Bank Of Canada started coverage on shares of VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price target on the stock. Barclays upped their price objective on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Finally, Wells Fargo & Company lowered their price objective on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.21.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $26.32 on Thursday. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of 9.02 and a beta of 0.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. The business has a 50-day moving average of $27.51 and a 200 day moving average of $28.16. VICI Properties Inc. has a 12 month low of $25.82 and a 12 month high of $34.01.

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

VICI Properties Dividend Announcement

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. The ex-dividend date was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.8%. VICI Properties’s dividend payout ratio is 61.64%.

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.