Palogic Value Management L.P. Purchases Shares of 43,900 VICI Properties Inc. $VICI

Palogic Value Management L.P. purchased a new stake in VICI Properties Inc. (NYSE:VICI) during the second quarter, Holdings Channel reports. The firm purchased 43,900 shares of the company’s stock, valued at approximately $1,166,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in VICI Properties during the second quarter valued at approximately $3,433,817,000. Bank of America Corp DE acquired a new stake in VICI Properties in the second quarter valued at approximately $778,709,000. Norges Bank purchased a new position in VICI Properties in the fourth quarter worth $537,676,000. Legal & General Group Plc purchased a new position in VICI Properties in the second quarter worth $366,514,000. Finally, Man Group plc acquired a new position in shares of VICI Properties during the second quarter worth $318,249,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

VICI has been the subject of several analyst reports. Scotiabank decreased their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Wells Fargo & Company dropped their target price on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Morgan Stanley reduced their target price on 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. Raymond James Financial set a $29.00 price target on VICI Properties in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada initiated coverage on VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price target for the company. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, VICI Properties currently has a consensus rating of “Hold” and a consensus target price of $31.29.

VICI Properties Trading Down 0.9%

Shares of VICI Properties stock opened at $26.05 on Thursday. The firm’s 50 day simple moving average is $26.51 and its two-hundred day simple moving average is $27.80. The firm has a market capitalization of $28.68 billion, a price-to-earnings ratio of 10.10 and a beta of 0.65. VICI Properties Inc. has a 12-month low of $25.81 and a 12-month high of $33.92. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57.

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

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.9%. VICI Properties’s dividend payout ratio (DPR) is 69.77%.

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.