Thrivent Financial for Lutherans Reduces Stock Holdings in VICI Properties Inc. $VICI

Thrivent Financial for Lutherans reduced its stake in VICI Properties Inc. (NYSE:VICI) by 20.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,284 shares of the company’s stock after selling 62,225 shares during the period. Thrivent Financial for Lutherans’ holdings in VICI Properties were worth $6,897,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Arbejdsmarkedets Tillaegspension purchased a new position in shares of VICI Properties during the fourth quarter worth approximately $23,561,000. New York Life Investment Management LLC grew its position in shares of VICI Properties by 1.2% during the fourth quarter. New York Life Investment Management LLC now owns 146,293 shares of the company’s stock worth $4,114,000 after acquiring an additional 1,719 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of VICI Properties by 31.0% during the fourth quarter. Pacer Advisors Inc. now owns 143,586 shares of the company’s stock worth $4,038,000 after acquiring an additional 33,984 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of VICI Properties by 0.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 122,393 shares of the company’s stock worth $3,442,000 after acquiring an additional 500 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. grew its position in shares of VICI Properties by 45.9% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 204,881 shares of the company’s stock worth $5,761,000 after acquiring an additional 64,445 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Price Performance

Shares of NYSE VICI opened at $28.41 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. The stock has a fifty day moving average price of $28.15 and a 200 day moving average price of $28.63. VICI Properties Inc. has a 1-year low of $26.55 and a 1-year high of $34.01. The company has a market cap of $30.37 billion, a PE ratio of 9.73 and a beta of 0.67.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate 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 last year, the company earned $0.58 earnings per share. 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. Sell-side analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

Wall Street Analyst Weigh In

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