VICI Properties Inc. $VICI Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 18.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 532,627 shares of the company’s stock after buying an additional 82,122 shares during the period. Tectonic Advisors LLC’s holdings in VICI Properties were worth $12,234,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VICI. BlackRock Inc. acquired a new stake in VICI Properties in the 2nd quarter worth approximately $3,433,817,000. Bank of America Corp DE bought a new stake in VICI Properties during the second quarter worth approximately $778,709,000. Legal & General Group Plc acquired a new position in VICI Properties during the second quarter valued at approximately $366,514,000. Man Group plc acquired a new position in VICI Properties during the second quarter valued at approximately $318,249,000. Finally, Hsbc Holdings PLC acquired a new position in VICI Properties during the second quarter valued at approximately $281,629,000. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VICI. Evercore set a $30.00 price objective on shares of VICI Properties in a report on Monday, September 21st. Wells Fargo & Company dropped their target price on shares of VICI Properties from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday. Scotiabank cut their target price on shares of VICI Properties from $29.00 to $26.00 and set a “sector perform” rating for the company in a research report on Thursday, September 24th. Raymond James Financial set a $29.00 price target on shares of VICI Properties in a report on Thursday, August 13th. Finally, Weiss Ratings downgraded VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 9th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.81.

VICI Properties Stock Performance

Shares of VICI Properties stock traded down $0.24 during midday trading on Friday, hitting $23.77. The company had a trading volume of 8,691,182 shares, compared to its average volume of 9,978,280. The business’s 50 day simple moving average is $24.36 and its two-hundred day simple moving average is $26.39. The stock has a market cap of $26.18 billion, a PE ratio of 9.22 and a beta of 0.65. 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 Inc. has a 1-year low of $22.42 and a 1-year high of $31.69.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. VICI Properties’s revenue for the quarter 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. As a group, equities analysts predict that VICI Properties Inc. will post 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were issued a $0.46 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.84 annualized dividend and a yield of 7.7%. VICI Properties’s payout ratio is currently 71.32%.

VICI Properties Company Profile

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company’s portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.