Norges Bank Purchases Shares of 19,120,754 VICI Properties Inc. $VICI

Norges Bank purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the fourth quarter, Holdings Channel.com reports. The firm purchased 19,120,754 shares of the company’s stock, valued at approximately $537,676,000.

A number of other hedge funds have also added to or reduced their stakes in VICI. State of Wyoming purchased a new position in VICI Properties during the 2nd quarter worth $26,000. Headlands Technologies LLC purchased a new position in VICI Properties during the 2nd quarter worth $28,000. BOKF NA purchased a new position in VICI Properties during the 3rd quarter worth $30,000. Avalon Trust Co purchased a new position in VICI Properties during the 3rd quarter worth $35,000. Finally, Key Capital Management INC purchased a new position in VICI Properties during the 4th quarter worth $37,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI opened at $28.23 on Monday. The firm has a market cap of $30.17 billion, a P/E ratio of 9.67 and a beta of 0.65. The firm has a 50-day moving average of $28.13 and a 200 day moving average of $28.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62. VICI Properties Inc. has a fifty-two week low of $26.55 and a fifty-two week high of $34.01.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.11. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 earnings per share. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. On average, research analysts expect that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were paid a $0.45 dividend. The ex-dividend date was Thursday, March 19th. This represents a $1.80 annualized dividend and a yield of 6.4%. VICI Properties’s dividend payout ratio is presently 61.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on VICI shares. Barclays boosted their target price on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Mizuho restated a “neutral” rating and issued a $30.00 target price on shares of VICI Properties in a research note on Wednesday, March 11th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Friday, March 27th. Robert W. Baird cut their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a research note on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average price target of $33.38.

VICI Properties 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.