Cullen Capital Management LLC Buys New Shares in VICI Properties Inc. $VICI

Cullen Capital Management LLC purchased a new position in shares of VICI Properties Inc. (NYSE:VICI) in the second quarter, according to its most recent filing with the SEC. The firm purchased 6,969,674 shares of the company’s stock, valued at approximately $185,045,000. VICI Properties accounts for 1.8% of Cullen Capital Management LLC’s portfolio, making the stock its 22nd largest holding.

Several other hedge funds have also recently made changes to their positions in the business. NewEdge Advisors LLC grew its stake in VICI Properties by 204.4% during the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after purchasing an additional 25,234 shares during the period. Woodline Partners LP boosted its holdings in shares of VICI Properties by 41.3% during the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock worth $2,905,000 after buying an additional 26,017 shares in the last quarter. Jump Financial LLC grew its position in shares of VICI Properties by 45.0% during the 2nd quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock worth $867,000 after buying an additional 8,259 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of VICI Properties by 96.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock valued at $31,843,000 after acquiring an additional 478,538 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of VICI Properties by 1.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock valued at $6,860,000 after acquiring an additional 2,775 shares during the period. 97.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on VICI. Wells Fargo & Company reduced their price target on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Royal Bank Of Canada initiated coverage on shares of VICI Properties in a report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price objective on the stock. Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a research report on Thursday, August 13th. Barclays decreased their target price on VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, Cantor Fitzgerald dropped their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, VICI Properties currently has a consensus rating of “Hold” and a consensus target price of $31.29.

VICI Properties Stock Performance

VICI opened at $26.76 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The company’s fifty day moving average price is $26.57 and its two-hundred day moving average price is $27.83. VICI Properties Inc. has a 1-year low of $25.81 and a 1-year high of $33.92. The company has a market cap of $29.46 billion, a price-to-earnings ratio of 10.37 and a beta of 0.65.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, analysts expect that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.7%. VICI Properties’s dividend payout ratio (DPR) is presently 69.77%.

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.