NewEdge Wealth LLC Takes Position in VICI Properties Inc. $VICI

NewEdge Wealth LLC acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 68,765 shares of the company’s stock, valued at approximately $1,826,000.

A number of other hedge funds have also bought and sold shares of VICI. Gamco Investors INC. ET AL boosted its position in VICI Properties by 0.8% during the first quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company’s stock valued at $1,301,000 after acquiring an additional 384 shares during the last quarter. Corrado Advisors LLC grew its holdings in VICI Properties by 0.8% during the 1st quarter. Corrado Advisors LLC now owns 50,301 shares of the company’s stock worth $1,374,000 after acquiring an additional 393 shares during the period. Farther Finance Advisors LLC raised its position in shares of VICI Properties by 2.9% in the 4th quarter. Farther Finance Advisors LLC now owns 15,328 shares of the company’s stock worth $431,000 after acquiring an additional 434 shares in the last quarter. Beacon Investment Advisors LLC raised its position in shares of VICI Properties by 3.4% in the 4th quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company’s stock worth $393,000 after acquiring an additional 455 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in shares of VICI Properties by 5.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company’s stock valued at $244,000 after purchasing an additional 483 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI opened at $26.62 on Friday. VICI Properties Inc. has a one year low of $25.81 and a one year high of $33.92. The company has a market cap of $29.31 billion, a PE ratio of 10.32 and a beta of 0.65. The stock has a 50-day moving average of $26.63 and a 200-day moving average of $27.85. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results 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 firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, equities research analysts predict that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.8%. VICI Properties’s payout ratio is currently 69.77%.

Analysts Set New Price Targets

Several brokerages recently commented on VICI. Morgan Stanley cut their target price on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $30.00 price target on VICI Properties in a research note on Friday, July 31st. Cantor Fitzgerald cut their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Royal Bank Of Canada started coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price objective for the company. Finally, Wells Fargo & Company lowered their price objective on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.29.

VICI Properties Company 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.