Convergence Investment Partners LLC Reduces Stock Position in VICI Properties Inc. $VICI

Convergence Investment Partners LLC lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 45.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,108 shares of the company’s stock after selling 27,888 shares during the quarter. Convergence Investment Partners LLC’s holdings in VICI Properties were worth $931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VICI. UBS Group AG increased its position in VICI Properties by 99.5% during the 3rd quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock worth $314,886,000 after purchasing an additional 4,815,053 shares in the last quarter. Bank of America Corp DE increased its position in VICI Properties by 17.9% during the 3rd quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock worth $853,087,000 after purchasing an additional 3,968,349 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in VICI Properties during the 4th quarter worth about $88,673,000. Allianz Asset Management GmbH grew 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 buying an additional 2,937,039 shares during the period. Finally, State Street Corp grew 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 buying an additional 2,844,265 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI Properties stock opened at $27.88 on Friday. The stock’s 50 day moving average price is $28.22 and its 200 day moving average price is $28.67. The firm has a market capitalization of $29.80 billion, a PE ratio of 9.55 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62. VICI Properties Inc. has a one year low of $26.55 and a one year high of $34.01.

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

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, March 19th. This represents a $1.80 annualized dividend and a yield of 6.5%. VICI Properties’s payout ratio is currently 61.64%.

Analyst Upgrades and Downgrades

VICI has been the subject of several recent analyst reports. Mizuho restated a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a report on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Barclays lifted their price target on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Scotiabank lifted their price target on VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Tuesday. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $33.38.

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.