Red Cedar Investment Management LLC Sells 23,374 Shares of VICI Properties Inc. $VICI

Red Cedar Investment Management LLC lowered its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 74.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,161 shares of the company’s stock after selling 23,374 shares during the period. Red Cedar Investment Management LLC’s holdings in VICI Properties were worth $229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. Norges Bank bought a new position in VICI Properties in the 4th quarter worth approximately $537,676,000. UBS Group AG raised its position in shares of VICI Properties by 99.5% during the third quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock valued at $314,886,000 after buying an additional 4,815,053 shares during the last quarter. Jupiter Asset Management Ltd. lifted its holdings in shares of VICI Properties by 1,699.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 4,544,692 shares of the company’s stock worth $127,797,000 after buying an additional 4,292,183 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of VICI Properties by 17.9% in the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock worth $853,087,000 after buying an additional 3,968,349 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in shares of VICI Properties during the fourth quarter worth $88,673,000. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on VICI shares. Barclays raised their target price on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Scotiabank boosted their price target on shares of VICI Properties from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 12th. Mizuho restated a “neutral” rating and set a $30.00 price objective on shares of VICI Properties in a research report on Wednesday, March 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Finally, Robert W. Baird decreased their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average target price of $33.38.

VICI Properties Trading Up 2.1%

Shares of VICI opened at $27.99 on Wednesday. The company’s fifty day moving average is $28.20 and its 200 day moving average is $28.42. VICI Properties Inc. has a fifty-two week low of $26.55 and a fifty-two week high of $34.01. The stock has a market capitalization of $29.92 billion, a PE ratio of 9.58 and a beta of 0.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.71 by $0.11. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned $0.58 earnings per share. VICI Properties’s quarterly 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. Sell-side analysts expect that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Thursday, June 18th. VICI Properties’s dividend payout ratio is currently 61.64%.

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.