OP Asset Management Ltd Invests $2.98 Million in VICI Properties Inc. $VICI

OP Asset Management Ltd acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the first quarter, HoldingsChannel.com reports. The fund acquired 109,249 shares of the company’s stock, valued at approximately $2,985,000.

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

VICI Properties Stock Performance

VICI opened at $27.16 on Friday. 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 company’s fifty day moving average price is $28.05 and its two-hundred day moving average price is $28.30. VICI Properties Inc. has a 1-year low of $26.08 and a 1-year high of $34.01. The company has a market cap of $29.04 billion, a price-to-earnings ratio of 9.30 and a beta of 0.65.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. On average, analysts expect that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.6%. VICI Properties’s dividend payout ratio (DPR) is presently 61.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VICI. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a research note on Monday, May 4th. Robert W. Baird decreased their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Royal Bank Of Canada initiated coverage on VICI Properties in a report on Thursday. They issued a “sector perform” rating and a $29.00 target price for the company. Scotiabank dropped their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average price target of $32.86.

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.