Berkeley Capital Partners LLC Trims Holdings in VICI Properties Inc. $VICI

Berkeley Capital Partners LLC trimmed its position in VICI Properties Inc. (NYSE:VICI) by 41.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 57,003 shares of the company’s stock after selling 40,078 shares during the period. Berkeley Capital Partners LLC’s holdings in VICI Properties were worth $1,603,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in VICI Properties by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock valued at $4,455,820,000 after purchasing an additional 1,705,855 shares in the last quarter. State Street Corp lifted its holdings in VICI Properties by 4.8% in the 3rd quarter. State Street Corp now owns 62,538,927 shares of the company’s stock valued at $2,065,862,000 after purchasing an additional 2,844,265 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in VICI Properties by 11.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock valued at $912,644,000 after purchasing an additional 2,937,039 shares in the last quarter. Bank of America Corp DE lifted its holdings in VICI Properties by 17.9% in the 3rd quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after purchasing an additional 3,968,349 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in VICI Properties by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,409,381 shares of the company’s stock valued at $763,380,000 after purchasing an additional 1,598,238 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports 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 on the stock in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of VICI Properties in a research note on Monday, May 4th. Scotiabank upped their price objective on shares of VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a research note on Tuesday. Barclays upped their price objective 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. Finally, Mizuho reaffirmed a “neutral” rating and set a $30.00 price objective on shares of VICI Properties in a research note on Wednesday, March 11th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $33.38.

VICI Properties Trading Down 1.2%

NYSE VICI opened at $28.22 on Thursday. VICI Properties Inc. has a 12 month low of $26.55 and a 12 month high of $34.01. The company has a 50-day moving average of $28.31 and a 200-day moving average of $28.70. 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 company has a market cap of $30.16 billion, a P/E ratio of 9.66 and a beta of 0.67.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. As a group, equities analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Thursday, March 19th. VICI Properties’s dividend payout ratio is 61.64%.

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.