Bard Associates Inc. Cuts Stock Holdings in VICI Properties Inc. $VICI

Bard Associates Inc. lowered its holdings in VICI Properties Inc. (NYSE:VICI) by 45.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,767 shares of the company’s stock after selling 35,244 shares during the quarter. Bard Associates Inc.’s holdings in VICI Properties were worth $1,373,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of VICI. Norges Bank purchased a new position in VICI Properties during the second quarter valued at approximately $486,945,000. UBS Group AG lifted its holdings in VICI Properties by 99.5% during the third quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock worth $314,886,000 after buying an additional 4,815,053 shares during the period. Allianz Asset Management GmbH lifted its holdings in VICI Properties by 11.7% during the third quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock worth $912,644,000 after buying an additional 2,937,039 shares during the period. JPMorgan Chase & Co. boosted its position in VICI Properties by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock valued at $711,043,000 after acquiring an additional 2,326,747 shares in the last quarter. Finally, Man Group plc boosted its position in VICI Properties by 67.8% during the 3rd quarter. Man Group plc now owns 5,685,670 shares of the company’s stock valued at $185,410,000 after acquiring an additional 2,297,085 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on VICI. Scotiabank lowered VICI Properties from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $36.00 to $30.00 in a research report on Friday, January 30th. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a research report on Monday, January 5th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Evercore reiterated an “in-line” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Finally, Robert W. Baird decreased their price target on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $33.69.

VICI Properties Stock Performance

Shares of VICI stock opened at $28.43 on Friday. The business’s fifty day simple moving average is $28.92 and its 200-day simple moving average is $29.94. The company has a market cap of $30.40 billion, a PE ratio of 10.89, a PEG ratio of 3.26 and a beta of 0.67. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a 12-month low of $27.48 and a 12-month high of $34.01.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.03). VICI Properties had a net margin of 69.28% and a return on equity of 10.02%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. Analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be paid a $0.45 dividend. The ex-dividend date is Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a yield of 6.3%. VICI Properties’s dividend payout ratio (DPR) is 68.97%.

About VICI Properties

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.