Jain Global LLC Buys 283,104 Shares of VICI Properties Inc. $VICI

Jain Global LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 73.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 669,678 shares of the company’s stock after acquiring an additional 283,104 shares during the period. Jain Global LLC owned 0.06% of VICI Properties worth $21,838,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of VICI. NewEdge Advisors LLC boosted its position in shares of VICI Properties by 204.4% during the 1st quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after purchasing an additional 25,234 shares in the last quarter. Woodline Partners LP increased its position in VICI Properties by 41.3% in the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock valued at $2,905,000 after buying an additional 26,017 shares in the last quarter. Savant Capital LLC raised its stake in VICI Properties by 18.6% during the 2nd quarter. Savant Capital LLC now owns 9,995 shares of the company’s stock worth $326,000 after buying an additional 1,566 shares during the period. AE Wealth Management LLC acquired a new position in VICI Properties during the 2nd quarter worth approximately $216,000. Finally, PNC Financial Services Group Inc. boosted its holdings in VICI Properties by 15.5% in the second quarter. PNC Financial Services Group Inc. now owns 113,504 shares of the company’s stock worth $3,700,000 after acquiring an additional 15,258 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VICI shares. Scotiabank cut VICI Properties from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $36.00 to $30.00 in a research note on Friday, January 30th. Barclays lowered their target price on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. The Goldman Sachs Group cut their target price on VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Evercore reissued an “in-line” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Finally, Robert W. Baird decreased their price target on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $33.69.

VICI Properties Stock Performance

Shares of VICI opened at $28.43 on Monday. The firm has a market capitalization of $30.40 billion, a P/E ratio of 10.89, a P/E/G ratio of 3.26 and a beta of 0.67. VICI Properties Inc. has a 52 week low of $27.48 and a 52 week high of $34.01. The stock has a 50 day moving average price of $28.92 and a two-hundred day moving average price of $29.92. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.17 and a current ratio of 3.17.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, February 25th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). VICI Properties had a net margin of 69.28% and a return on equity of 10.02%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the business earned $0.57 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. Equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, March 19th. VICI Properties’s payout ratio is currently 68.97%.

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.