VICI Properties Inc. $VICI Shares Newly Bought by Leo Wealth LLC

Leo Wealth LLC bought a new position in VICI Properties Inc. (NYSE:VICI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 41,113 shares of the company’s stock, valued at approximately $944,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in VICI Properties in the 2nd quarter worth approximately $3,433,817,000. Bank of America Corp DE bought a new stake in shares of VICI Properties in the 2nd quarter worth approximately $778,709,000. Legal & General Group Plc bought a new stake in shares of VICI Properties in the 2nd quarter worth approximately $366,514,000. Man Group plc bought a new stake in shares of VICI Properties in the 2nd quarter worth approximately $318,249,000. Finally, Hsbc Holdings PLC purchased a new position in shares of VICI Properties during the second quarter valued at approximately $281,629,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on VICI shares. Scotiabank decreased their target price on VICI Properties from $29.00 to $26.00 and set a “sector perform” rating for the company in a report on Thursday, September 24th. JPMorgan Chase & Co. lowered VICI Properties from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Thursday, September 24th. Citizens Jmp cut their price target on shares of VICI Properties from $35.00 to $31.00 and set a “market outperform” rating on the stock in a report on Friday, October 2nd. Truist Financial reduced their price objective on shares of VICI Properties from $38.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, October 20th. Finally, 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 report on Monday, August 10th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.81.

VICI Properties Trading Up 1.1%

NYSE:VICI opened at $24.01 on Tuesday. The firm has a market capitalization of $26.44 billion, a P/E ratio of 9.31 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 Inc. has a one year low of $22.42 and a one year high of $31.18. The company’s 50-day simple moving average is $24.33 and its 200 day simple moving average is $27.03.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (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 analysts’ expectations 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 quarter in the previous year, the business posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, analysts forecast that VICI Properties Inc. will post 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were paid 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 dividend on an annualized basis and a yield of 7.7%. VICI Properties’s dividend payout ratio (DPR) is presently 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.