Westpac Banking Corp Sells 39,971 Shares of VICI Properties Inc. $VICI

Westpac Banking Corp cut its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,816 shares of the company’s stock after selling 39,971 shares during the quarter. Westpac Banking Corp’s holdings in VICI Properties were worth $7,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Aptus Capital Advisors LLC raised its holdings in VICI Properties by 5.2% during the third quarter. Aptus Capital Advisors LLC now owns 6,623 shares of the company’s stock valued at $216,000 after acquiring an additional 329 shares during the period. Arete Wealth Advisors LLC raised its holdings in VICI Properties by 3.8% during the third quarter. Arete Wealth Advisors LLC now owns 9,110 shares of the company’s stock valued at $296,000 after acquiring an additional 334 shares during the period. Choreo LLC raised its holdings in VICI Properties by 1.8% during the third quarter. Choreo LLC now owns 20,051 shares of the company’s stock valued at $664,000 after acquiring an additional 355 shares during the period. Provident Investment Management Inc. raised its holdings in VICI Properties by 1.5% during the third 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 period. Finally, Hurley Capital LLC raised its holdings in VICI Properties by 5.9% during the third quarter. Hurley Capital LLC now owns 6,927 shares of the company’s stock valued at $226,000 after acquiring an additional 388 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Trading Down 0.9%

Shares of VICI stock opened at $27.52 on Wednesday. VICI Properties Inc. has a 12-month low of $26.55 and a 12-month 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’s 50-day moving average price is $28.13 and its 200-day moving average price is $28.52. The stock has a market capitalization of $29.41 billion, a price-to-earnings ratio of 9.42 and a beta of 0.65.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The business’s revenue 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. Equities research analysts predict 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 was paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Thursday, March 19th. VICI Properties’s payout ratio is 61.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays raised their price target on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Robert W. Baird decreased their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a report on Monday, May 4th. Mizuho reissued a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a report on Wednesday, March 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.38.

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.