Capital Research Global Investors Has $1.67 Billion Position in VICI Properties Inc. $VICI

Capital Research Global Investors cut its stake in VICI Properties Inc. (NYSE:VICI) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,353,272 shares of the company’s stock after selling 2,188,013 shares during the quarter. Capital Research Global Investors owned 4.80% of VICI Properties worth $1,674,630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VICI. State of Wyoming acquired a new stake in shares of VICI Properties in the second quarter valued at approximately $26,000. Parvin Asset Management LLC acquired a new stake in shares of VICI Properties in the second quarter valued at approximately $27,000. Headlands Technologies LLC acquired a new stake in VICI Properties during the 2nd quarter valued at $28,000. Godsey & Gibb Inc. bought a new position in VICI Properties during the third quarter worth $29,000. Finally, City Holding Co. acquired a new position in shares of VICI Properties in the third quarter valued at $33,000. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Robert W. Baird reduced their target price on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. The Goldman Sachs Group reduced their price objective on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 28th. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a report on Monday, January 5th. Evercore reaffirmed an “in-line” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.69.

VICI Properties Price Performance

VICI stock opened at $29.51 on Tuesday. The firm has a market capitalization of $31.54 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 3.40 and a beta of 0.67. VICI Properties Inc. has a 12 month low of $27.48 and a 12 month high of $34.03. The firm has a 50 day moving average of $28.88 and a 200-day moving average of $30.05. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.59.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data 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). The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a net margin of 69.28% and a return on equity of 10.02%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Thursday, March 19th. VICI Properties’s dividend payout ratio (DPR) is 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.