VICI Properties Inc. $VICI Holdings Boosted by Truist Financial Corp

Truist Financial Corp boosted its position in shares of VICI Properties Inc. (NYSE:VICI) by 309.1% during the 4th quarter, HoldingsChannel reports. The firm owned 638,562 shares of the company’s stock after buying an additional 482,476 shares during the quarter. Truist Financial Corp’s holdings in VICI Properties were worth $17,956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its stake in shares of VICI Properties by 117.1% during the 3rd quarter. Citigroup Inc. now owns 3,136,663 shares of the company’s stock valued at $102,287,000 after buying an additional 1,691,653 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of VICI Properties by 11.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock valued at $912,644,000 after buying an additional 2,937,039 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of VICI Properties by 24.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 891,188 shares of the company’s stock valued at $24,817,000 after buying an additional 173,013 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of VICI Properties by 482.5% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 140,436 shares of the company’s stock valued at $4,580,000 after buying an additional 116,325 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of VICI Properties by 17.9% during the 3rd quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after buying an additional 3,968,349 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Up 1.4%

VICI stock opened at $28.67 on Thursday. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a 1 year low of $26.55 and a 1 year high of $34.01. The company has a fifty day simple moving average of $28.46 and a 200 day simple moving average of $28.79. The firm has a market cap of $30.65 billion, a PE ratio of 9.82, a PEG ratio of 3.23 and a beta of 0.67.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.11. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $0.58 EPS. VICI Properties’s quarterly revenue 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. Sell-side analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Thursday, March 19th. VICI Properties’s payout ratio is presently 61.64%.

Analyst Ratings Changes

VICI has been the subject of a number of research reports. Scotiabank lowered shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $36.00 to $30.00 in a research note on Friday, January 30th. Barclays lifted their target price on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Robert W. Baird decreased their target price on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of VICI Properties in a research note on Monday. Finally, Mizuho reissued a “neutral” rating and set a $30.00 target price on shares of VICI Properties in a research note on Wednesday, March 11th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.23.

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.