VICI Properties Inc. $VICI Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 40.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 111,945 shares of the company’s stock after selling 77,166 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in VICI Properties were worth $2,972,000 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 VICI. Bayban purchased a new stake in VICI Properties in the 4th quarter valued at $25,000. Dynamic Wealth Strategies LLC purchased a new position in shares of VICI Properties during the 1st quarter worth $25,000. State of Wyoming acquired a new position in shares of VICI Properties during the 2nd quarter valued at about $26,000. Evolution Wealth Management Inc. acquired a new position in shares of VICI Properties during the 4th quarter valued at about $28,000. Finally, Headlands Technologies LLC purchased a new stake in shares of VICI Properties in the second quarter valued at about $28,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on VICI. Royal Bank Of Canada began coverage on shares of VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price on the stock. Raymond James Financial set a $29.00 price target on shares of VICI Properties in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a report on Friday, July 31st. Weiss Ratings lowered VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, Mizuho cut their target price on VICI Properties from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, September 2nd. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of “Hold” and an average target price of $30.46.

VICI Properties Trading Up 0.0%

Shares of VICI stock opened at $24.83 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $27.34 billion, a P/E ratio of 9.62 and a beta of 0.65. The company has a 50 day moving average price of $26.21 and a 200 day moving average price of $27.45. VICI Properties Inc. has a fifty-two week low of $24.66 and a fifty-two week high of $33.31.

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

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be paid a $0.46 dividend. The ex-dividend date is Thursday, September 17th. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 7.4%. VICI Properties’s payout ratio is 69.77%.

About VICI Properties

VICI Properties, Inc (NYSE: VICI) is a real estate investment trust focused on experiential properties, particularly gaming, hospitality and entertainment destinations. The company owns the real estate associated with properties such as casinos, resorts and golf facilities, while operating partners manage the day-to-day businesses.

VICI’s portfolio includes prominent gaming and resort assets in Las Vegas and regional markets throughout the United States, as well as properties in Canada.