Readystate Asset Management LP Acquires Shares of 36,191 VICI Properties Inc. $VICI

Readystate Asset Management LP acquired a new stake in VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 36,191 shares of the company’s stock, valued at approximately $961,000.

A number of other hedge funds have also recently modified their holdings of VICI. BlackRock Inc. acquired a new position in VICI Properties in the second quarter valued at approximately $3,433,817,000. Bank of America Corp DE acquired a new stake in shares of VICI Properties during the 2nd quarter worth approximately $778,709,000. Norges Bank acquired a new stake in shares of VICI Properties during the 4th quarter worth approximately $537,676,000. Legal & General Group Plc acquired a new stake in shares of VICI Properties during the 2nd quarter worth approximately $366,514,000. Finally, Man Group plc purchased a new position in shares of VICI Properties during the 2nd quarter valued at approximately $318,249,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.1%

Shares of NYSE:VICI opened at $25.39 on Tuesday. The business’s 50 day moving average price is $26.35 and its 200-day moving average price is $27.59. VICI Properties Inc. has a 1 year low of $25.34 and a 1 year high of $33.82. The firm has a market capitalization of $27.96 billion, a price-to-earnings ratio of 9.84 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98.

VICI Properties (NYSE:VICI) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.VICI Properties’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, equities research analysts forecast that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, September 17th. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.2%. VICI Properties’s payout ratio is currently 69.77%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of VICI Properties in a report on Friday, July 31st. Cantor Fitzgerald cut their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Mizuho decreased their price objective on shares of VICI Properties from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, September 2nd. Wells Fargo & Company lowered their target price on shares of VICI Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 1st. Finally, Barclays dropped their target price on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.00.

VICI Properties Company 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.