GSI Capital Advisors LLC Reduces Holdings in VICI Properties Inc. $VICI

GSI Capital Advisors LLC decreased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 9.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 227,046 shares of the company’s stock after selling 24,114 shares during the quarter. VICI Properties accounts for about 3.6% of GSI Capital Advisors LLC’s holdings, making the stock its 9th biggest position. GSI Capital Advisors LLC’s holdings in VICI Properties were worth $6,385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in VICI Properties by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock valued at $4,455,820,000 after buying an additional 1,705,855 shares during the last quarter. State Street Corp raised its stake in VICI Properties by 4.8% during the third quarter. State Street Corp now owns 62,538,927 shares of the company’s stock valued at $2,065,862,000 after buying an additional 2,844,265 shares during the last quarter. Geode Capital Management LLC raised its stake in VICI Properties by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock valued at $1,030,716,000 after buying an additional 1,037,345 shares during the last quarter. Allianz Asset Management GmbH raised its stake in VICI Properties by 8.2% during the fourth quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock valued at $851,821,000 after buying an additional 2,305,719 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in VICI Properties by 17.9% during the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after buying an additional 3,968,349 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 1.1%

NYSE:VICI opened at $28.11 on Friday. The company’s 50 day moving average price is $28.24 and its 200-day moving average price is $28.41. VICI Properties Inc. has a 52 week low of $26.55 and a 52 week high of $34.01. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. The stock has a market cap of $30.05 billion, a price-to-earnings ratio of 9.63 and a beta of 0.65.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be issued a $0.45 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.4%. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays lifted their price objective on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a report on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Robert W. Baird cut their price target on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Finally, Scotiabank increased their price target on shares of VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $33.38.

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.