VICI Properties Inc. $VICI Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC grew its stake in shares of VICI Properties Inc. (NYSE:VICI) by 433.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,593 shares of the company’s stock after buying an additional 36,239 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in VICI Properties were worth $1,024,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dynamic Wealth Strategies LLC purchased a new position in VICI Properties in the first quarter worth $25,000. Sachetta LLC increased its stake in VICI Properties by 213.1% in the first quarter. Sachetta LLC now owns 1,171 shares of the company’s stock valued at $32,000 after acquiring an additional 797 shares during the last quarter. Silvant Capital Management LLC bought a new position in VICI Properties in the second quarter valued at $33,000. Physician Wealth Advisors Inc. raised its position in VICI Properties by 54.5% during the first quarter. Physician Wealth Advisors Inc. now owns 1,369 shares of the company’s stock valued at $37,000 after purchasing an additional 483 shares in the last quarter. Finally, Atlatl Advisers LLC purchased a new stake in VICI Properties during the second quarter valued at about $38,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

VICI has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $30.00 price target on VICI Properties in a research note on Friday, July 31st. Scotiabank reduced their price objective on VICI Properties from $29.00 to $26.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 24th. Mizuho reduced their price objective on VICI Properties from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 2nd. Wells Fargo & Company decreased their price objective on VICI Properties from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Citigroup reissued a “market outperform” rating on shares of VICI Properties in a report on Friday, October 2nd. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.81.

VICI Properties Trading Down 1.0%

Shares of VICI opened at $23.77 on Friday. VICI Properties Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $31.69. The firm has a market cap of $26.18 billion, a price-to-earnings ratio of 9.22 and a beta of 0.65. The firm has a 50 day moving average price of $24.36 and a 200-day moving average price of $26.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98.

VICI Properties (NYSE:VICI) last released 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 business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. VICI Properties’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.47 earnings per share for the current year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, September 17th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 7.7%. VICI Properties’s dividend payout ratio (DPR) is currently 71.32%.

About VICI Properties

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company’s portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.