Empowered Funds LLC Purchases Shares of 414,476 VICI Properties Inc. $VICI

Empowered Funds LLC acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, Holdings Channel reports. The fund acquired 414,476 shares of the company’s stock, valued at approximately $11,004,000.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its position in VICI Properties by 2.7% during the 1st quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after acquiring an additional 734,068 shares during the period. Wilsey Asset Management Inc. increased its holdings in shares of VICI Properties by 6.4% in the first quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock valued at $30,092,000 after purchasing an additional 65,853 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of VICI Properties by 24.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock valued at $198,619,000 after purchasing an additional 1,406,897 shares during the period. Gabelli Funds LLC raised its stake in shares of VICI Properties by 19.4% in the first quarter. Gabelli Funds LLC now owns 262,124 shares of the company’s stock worth $7,161,000 after purchasing an additional 42,662 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab raised its stake in shares of VICI Properties by 26.2% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 560,609 shares of the company’s stock worth $14,884,000 after purchasing an additional 116,546 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI stock opened at $25.90 on Friday. VICI Properties Inc. has a 52-week low of $25.75 and a 52-week high of $33.92. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock has a market cap of $28.52 billion, a PE ratio of 10.04 and a beta of 0.65. The business has a 50-day simple moving average of $26.49 and a 200-day simple moving average of $27.76.

VICI Properties (NYSE:VICI) last posted its earnings results 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 firm’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, equities analysts expect that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VICI shares. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research report on Friday, July 31st. Raymond James Financial set a $29.00 price target on shares of VICI Properties in a research report on Thursday, August 13th. Cantor Fitzgerald decreased their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Scotiabank dropped 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, VICI Properties currently has an average rating of “Hold” and an average price target of $31.29.

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.