VICI Properties Inc. $VICI Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. grew its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 32.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 420,646 shares of the company’s stock after acquiring an additional 103,537 shares during the period. QRG Capital Management Inc.’s holdings in VICI Properties were worth $11,492,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Aptus Capital Advisors LLC increased its stake in shares of VICI Properties by 5.2% in the third quarter. Aptus Capital Advisors LLC now owns 6,623 shares of the company’s stock worth $216,000 after buying an additional 329 shares during the last quarter. Provident Investment Management Inc. boosted its stake in VICI Properties by 1.5% during the 3rd quarter. Provident Investment Management Inc. now owns 25,760 shares of the company’s stock valued at $840,000 after acquiring an additional 375 shares during the last quarter. Heritage Wealth Advisors boosted its stake in VICI Properties by 18.2% during the 3rd quarter. Heritage Wealth Advisors now owns 2,600 shares of the company’s stock valued at $85,000 after acquiring an additional 400 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in VICI Properties by 2.9% during the 4th quarter. Farther Finance Advisors LLC now owns 15,328 shares of the company’s stock worth $431,000 after acquiring an additional 434 shares in the last quarter. Finally, West Paces Advisors Inc. grew its holdings in VICI Properties by 2.4% during the 4th quarter. West Paces Advisors Inc. now owns 18,226 shares of the company’s stock worth $513,000 after acquiring an additional 435 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VICI shares. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Barclays lifted their price target on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a report on Monday, May 4th. Royal Bank Of Canada started coverage on VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price objective on the stock. Finally, Scotiabank reduced their target price on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $32.86.

VICI Properties Price Performance

VICI stock opened at $27.19 on Friday. The firm has a market cap of $29.07 billion, a price-to-earnings ratio of 9.31 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $26.08 and a 1-year high of $34.01. The firm has a fifty day moving average price of $27.88 and a two-hundred day moving average price of $28.26. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $0.58 EPS. The company’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. Research analysts predict that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.6%. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

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.