VICI Properties Inc. $VICI Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its position in shares of VICI Properties Inc. (NYSE:VICI) by 10.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 445,806 shares of the company’s stock after selling 50,066 shares during the period. Pictet Asset Management Holding SA’s holdings in VICI Properties were worth $12,179,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Beaumont Asset Management L.L.C. raised its position in shares of VICI Properties by 62.7% during the 1st quarter. Beaumont Asset Management L.L.C. now owns 16,626 shares of the company’s stock valued at $454,000 after acquiring an additional 6,405 shares in the last quarter. Ramiah Investment Group increased its stake in VICI Properties by 5.1% during the first quarter. Ramiah Investment Group now owns 15,016 shares of the company’s stock valued at $410,000 after purchasing an additional 733 shares during the last quarter. Corecam AG bought a new stake in VICI Properties during the first quarter valued at $232,000. Columbus Macro LLC raised its holdings in shares of VICI Properties by 4.6% during the first quarter. Columbus Macro LLC now owns 181,094 shares of the company’s stock worth $4,948,000 after purchasing an additional 8,018 shares during the period. Finally, Stokes Capital Advisors LLC acquired a new stake in shares of VICI Properties during the first quarter worth $253,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Up 3.5%

VICI Properties stock opened at $27.19 on Friday. VICI Properties Inc. has a 52 week low of $26.08 and a 52 week high of $34.01. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. The stock has a market cap of $29.07 billion, a price-to-earnings ratio of 9.31 and a beta of 0.65. The company’s 50-day moving average price is $27.90 and its two-hundred day moving average price is $28.27.

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

VICI Properties Dividend Announcement

The company 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, June 18th. VICI Properties’s payout ratio is presently 61.64%.

Analysts Set New Price Targets

Several research firms have recently commented on VICI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Royal Bank Of Canada started coverage on shares of VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price on the stock. Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a research note on Monday, May 4th. Mizuho restated a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a research report on Wednesday, March 11th. Finally, Scotiabank dropped their price target on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.86.

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.